Eldorado Gold (TSE:ELD) Price Target Raised to C$52.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price boosted by Bank of America from C$46.25 to C$52.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the stock. Canaccord Genuity Group cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. ATB Cormark Capital Markets dropped their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. BMO Capital Markets raised their price objective on shares of Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from C$47.00 to C$48.00 in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$61.57.

Eldorado Gold Trading Up 1.6%

Shares of ELD stock opened at C$63.35 on Thursday. The company has a market capitalization of C$12.74 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. Eldorado Gold has a 52-week low of C$19.21 and a 52-week high of C$69.46. The business’s fifty day moving average is C$57.20 and its 200 day moving average is C$45.23. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, February 19th. The company reported C$3.29 EPS for the quarter. The business had revenue of C$767.52 million during the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%. On average, equities research analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christian Milau purchased 3,500 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average cost of C$58.59 per share, for a total transaction of C$205,065.00. Following the transaction, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. The trade was a 30.45% increase in their ownership of the stock. 0.58% of the stock is owned by corporate insiders.

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.