Eldorado Gold Co. (TSE:ELD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$23.76.

Several research firms recently weighed in on ELD. National Bankshares upped their price objective on shares of Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Canaccord Genuity Group increased their target price on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of Eldorado Gold stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. In the last ninety days, insiders sold 14,988 shares of company stock worth $334,328. 0.58% of the stock is currently owned by company insiders.

Eldorado Gold Stock Down 0.3 %

Eldorado Gold stock opened at C$25.63 on Tuesday. Eldorado Gold has a twelve month low of C$13.10 and a twelve month high of C$26.32. The stock has a market cap of C$5.25 billion, a P/E ratio of 21.36, a P/E/G ratio of 56.20 and a beta of 1.22. The company’s 50-day moving average price is C$23.50 and its two-hundred day moving average price is C$21.98. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate 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 business had revenue of C$406.56 million for the quarter. As a group, analysts expect that Eldorado Gold will post 2.1505174 EPS for the current year.

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.