Eldorado Gold (TSE:ELD) Price Target Lowered to C$27.00 at Stifel Nicolaus

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price reduced by Stifel Nicolaus from C$28.00 to C$27.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Separately, National Bankshares raised their price objective on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$23.61.

Eldorado Gold Stock Performance

Shares of ELD opened at C$21.94 on Monday. The company has a 50-day simple moving average of C$23.61 and a two-hundred day simple moving average of C$22.49. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The firm has a market capitalization of C$4.49 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32.

Insider Activity at Eldorado Gold

In related news, Senior Officer Ryan Swedburg sold 3,553 shares of the business’s stock in a transaction that occurred 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. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. Insiders sold a total of 10,564 shares of company stock valued at $239,995 in the last 90 days. Corporate insiders own 0.58% 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.