Shares of Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO) have been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$20.69.
A number of brokerages have commented on ELD. BMO Capital Markets raised their price target on shares of Eldorado Gold from C$21.00 to C$23.00 in a research note on Friday, April 26th. National Bankshares lowered their price target on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Stifel Nicolaus lifted their price objective on Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Cormark dropped their target price on shares of Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th. Finally, Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.
Get Our Latest Stock Report on ELD
Eldorado Gold Stock Performance
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.05. The firm had revenue of C$417.85 million for the quarter. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. Sell-side analysts forecast that Eldorado Gold will post 0.9818008 EPS for the current year.
Insiders Place Their Bets
In related news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total value of C$34,675.00. In related news, Senior Officer Karen Christine Aram sold 7,542 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of C$20.24, for a total transaction of C$152,640.28. Also, Senior Officer Mehmet Yilmaz sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total transaction of C$34,675.00. Insiders have sold a total of 48,880 shares of company stock valued at $836,808 in the last 90 days. 0.69% of the stock is currently owned by insiders.
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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