Eldorado Gold Co. (TSE:ELD) Receives C$22.54 Consensus Target Price from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$22.54.

A number of equities analysts recently issued reports on the stock. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. Finally, National Bankshares increased their price target on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th.

Eldorado Gold Stock Up 1.2 %

Shares of Eldorado Gold stock opened at C$23.80 on Friday. The stock has a market capitalization of C$4.87 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 56.20 and a beta of 1.23. Eldorado Gold has a 52-week low of C$11.38 and a 52-week high of C$25.37. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The company’s 50 day moving average price is C$23.21 and its 200-day moving average price is C$21.42.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The firm had revenue of C$406.56 million for the quarter. Equities research analysts forecast that Eldorado Gold will post 2.1566697 EPS for the current year.

Insider Buying and Selling

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. Also, Senior Officer Ryan Swedburg sold 3,553 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total value of C$83,234.71. Insiders have sold 14,988 shares of company stock valued at $334,328 in the last ninety days. 0.58% of the stock is owned by company 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.