Eldorado Gold (TSE:ELD) PT Raised to C$19.50

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective increased by Stifel Nicolaus from C$17.25 to C$19.50 in a report issued on Friday, BayStreet.CA reports.

A number of other brokerages have also recently weighed in on ELD. Cormark reduced their price target on Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th. Bank of America raised their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. National Bankshares decreased their target price on Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating for the company in a research report on Monday, February 26th. National Bank Financial reissued an outperform spec overweight rating on shares of Eldorado Gold in a research report on Monday, April 8th. Finally, Stifel Canada downgraded shares of Eldorado Gold from a buy rating to a hold rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of C$19.11.

Eldorado Gold Price Performance

Shares of ELD opened at C$19.59 on Friday. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. The firm has a market cap of C$3.98 billion, a PE ratio of 26.84, a PEG ratio of 56.20 and a beta of 1.13. The firm’s 50 day moving average price is C$17.66 and its 200 day moving average price is C$16.53. Eldorado Gold has a twelve month low of C$11.38 and a twelve month high of C$22.01.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The business had revenue of C$417.85 million for the quarter. As a group, research analysts expect that Eldorado Gold will post 0.9818008 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Sylvain Lehoux sold 5,433 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total transaction of C$95,498.01. In other Eldorado Gold news, Senior Officer Sylvain Lehoux sold 5,433 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total transaction of C$95,498.01. Also, Director George Raymond Burns sold 13,434 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Insiders sold a total of 41,338 shares of company stock valued at $684,168 over the last ninety days. Insiders own 0.69% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.