Eldorado Gold Co. (TSE:ELD) Given Average Rating of “Buy” by Analysts

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$62.50.

Several analysts have weighed in on ELD shares. Canaccord Genuity Group raised their price target on Eldorado Gold from C$45.00 to C$55.00 in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Jefferies Financial Group upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Thursday, August 20th. National Bank Financial increased their price target on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at C$60.51 on Wednesday. The firm’s 50 day simple moving average is C$51.12 and its 200 day simple moving average is C$49.00. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. The firm has a market capitalization of C$15.78 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 56.20 and a beta of 1.69. Eldorado Gold has a 1-year low of C$34.25 and a 1-year high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. The business had revenue of C$692.57 million for the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. As a group, analysts expect that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Transactions at Eldorado Gold

In related news, insider Mehmet Yilmaz sold 5,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the transaction, the insider owned 27,543 shares in the company, valued at C$1,223,460.06. The trade was a 15.36% decrease in their position. Also, insider Per Niklas Frank sold 9,524 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total value of C$409,722.48. Following the transaction, the insider owned 16,777 shares in the company, valued at approximately C$721,746.54. This represents a 36.21% decrease in their position. Over the last quarter, insiders have bought 75 shares of company stock valued at $3,347 and have sold 21,915 shares valued at $949,783. Corporate insiders own 0.58% of the company’s stock.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).