Eldorado Gold (TSE:ELD) Price Target Raised to C$16.00 at BMO Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective boosted by BMO Capital Markets from C$12.50 to C$16.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 39.98% from the stock’s current price.

A number of other analysts have also recently commented on ELD. National Bank Financial upped their price objective on shares of Eldorado Gold from C$11.50 to C$13.50 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Eight Capital upped their price objective on shares of Eldorado Gold from C$6.25 to C$10.00 in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of Eldorado Gold from C$10.00 to C$13.00 in a research report on Wednesday, August 14th. Canaccord Genuity increased their target price on Eldorado Gold from C$7.00 to C$9.00 in a report on Friday, July 19th. Finally, CIBC upgraded Eldorado Gold from an “underperform” rating to a “neutral” rating and increased their target price for the stock from C$3.00 to C$7.00 in a report on Thursday, July 11th.

ELD opened at C$11.43 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 2.20 and a debt-to-equity ratio of 15.24. Eldorado Gold has a 12 month low of C$3.36 and a 12 month high of C$13.34. The company has a fifty day simple moving average of C$11.44 and a 200 day simple moving average of C$7.54. The stock has a market cap of $1.79 billion and a P/E ratio of -5.02.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, August 1st. The company reported C($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.04). The company had revenue of C$232.33 million for the quarter, compared to analyst estimates of C$223.55 million. On average, equities research analysts expect that Eldorado Gold will post 0.75 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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