Eldorado Gold Co. (TSE:ELD) Receives C$63.50 Average Target Price from Analysts

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five 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 12-month target price among brokers that have updated their coverage on the stock in the last year is C$63.50.

Several research analysts have weighed in on the company. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. National Bank Financial lifted their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, TD cut their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th.

Insiders Place Their Bets

In related news, Director Stephen David Walker bought 600 shares of Eldorado Gold stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of C$48.40 per share, with a total value of C$29,040.00. Following the transaction, the director directly owned 600 shares of the company’s stock, valued at approximately C$29,040. The trade was a ? increase in their ownership of the stock. Also, insider Per Niklas Frank sold 7,391 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$317,960.82. Following the transaction, the insider directly owned 16,777 shares of the company’s stock, valued at C$721,746.54. This represents a 30.58% decrease in their ownership of the stock. In the last quarter, insiders have purchased 47,356 shares of company stock valued at $2,091,456 and have sold 143,588 shares valued at $6,212,553. Insiders own 0.58% of the company’s stock.

Eldorado Gold Trading Up 2.1%

TSE:ELD opened at C$45.94 on Tuesday. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.27 and a current ratio of 1.62. The firm has a market cap of C$11.97 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 56.20 and a beta of 1.41. Eldorado Gold has a 52 week low of C$27.68 and a 52 week high of C$69.46. The firm has a 50-day moving average price of C$43.95 and a two-hundred day moving average price of C$49.70.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share for the quarter. The firm had revenue of C$740.23 million for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. On average, equities analysts expect that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.