Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) had its price target increased by equities research analysts at Canaccord Genuity Group from C$19.00 to C$23.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 16.51% from the stock’s previous close.
A number of other analysts also recently issued reports on the company. Stifel Nicolaus lifted their price objective on Eldorado Gold from C$17.25 to C$19.50 in a research note on Friday. Cormark decreased their price target on shares of Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. Bank of America boosted their target price on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Stifel Canada cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$19.97.
Check Out Our Latest Analysis on ELD
Eldorado Gold Price Performance
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.05. The business had revenue of C$417.85 million during the quarter. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. Equities research analysts forecast that Eldorado Gold will post 0.9818008 earnings per share for the current year.
Insider Activity at Eldorado Gold
In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. In other news, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 10,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$16.62, for a total transaction of C$166,225.00. In the last ninety days, insiders have sold 41,338 shares of company stock worth $684,168. Insiders own 0.69% of the company’s stock.
About Eldorado Gold
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.
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