Eldorado Gold Co. (TSE:ELD) Receives C$23.61 Average Price Target from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$23.61.

Separately, Stifel Nicolaus decreased their target price on Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock opened at C$22.69 on Wednesday. The stock’s fifty day moving average is C$23.34 and its 200 day moving average is C$22.70. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32. 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 stock has a market cap of C$4.65 billion, a P/E ratio of 18.91, a P/E/G ratio of 56.20 and a beta of 1.22.

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.