Eldorado Gold (TSE:ELD) Price Target Raised to C$65.00 at Stifel Nicolaus

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective raised by Stifel Nicolaus from C$48.00 to C$65.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

A number of other research firms also recently commented on ELD. ATB Capital reduced their target price on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Canaccord Genuity Group lowered their target price on shares of Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. BMO Capital Markets increased their target price on shares of Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Finally, Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, Eldorado Gold presently has a consensus rating of “Buy” and an average target price of C$60.75.

Eldorado Gold Price Performance

Shares of ELD opened at C$58.99 on Tuesday. 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’s 50 day moving average is C$52.98 and its two-hundred day moving average is C$42.38. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$69.46. The firm has a market capitalization of C$11.86 billion, a PE ratio of 32.77, a P/E/G ratio of 56.20 and a beta of 1.44.

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

About Eldorado Gold

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.