Eldorado Gold (TSE:ELD) Given New C$74.00 Price Target at BMO Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price raised by BMO Capital Markets from C$59.00 to C$74.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Separately, Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Eldorado Gold presently has an average rating of “Buy” and an average target price of C$43.58.

Eldorado Gold Stock Up 0.4%

ELD stock opened at C$62.31 on Thursday. The firm has a 50-day moving average price of C$48.25 and a 200-day moving average price of C$39.36. Eldorado Gold has a 12 month low of C$18.94 and a 12 month high of C$64.05. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The stock has a market capitalization of C$12.53 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 56.20 and a beta of 1.38.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$605.32 million during the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. As a group, equities research analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Christian Milau bought 2,700 shares of the business’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of C$36.99 per share, with a total value of C$99,873.00. Following the acquisition, the insider owned 11,290 shares of the company’s stock, valued at C$417,617.10. This represents a 31.43% increase in their ownership of the stock. Insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.