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

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Five 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. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$63.50.

ELD has been the topic of several analyst reports. National Bank Financial increased their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. TD decreased their price objective on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Finally, BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th.

Eldorado Gold Stock Performance

ELD opened at C$47.72 on Friday. The company has a market cap of C$12.43 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 56.20 and a beta of 1.37. The stock has a 50-day moving average of C$44.27 and a 200-day moving average of C$50.44. Eldorado Gold has a 52-week low of C$26.87 and a 52-week high of C$69.46. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.27 and a current ratio of 1.62.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$1.32 earnings per share for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The business had revenue of C$740.23 million for the quarter. As a group, equities research analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Activity

In other Eldorado Gold news, insider Per Niklas Frank sold 9,524 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the completion of the sale, the insider directly owned 16,777 shares in the company, valued at C$721,746.54. This represents a 36.21% decrease in their ownership of the stock. Also, insider Frank Hamilton Herbert sold 17,736 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total value of C$765,663.12. Following the completion of the sale, the insider directly owned 19,621 shares in the company, valued at approximately C$847,038.57. This represents a 47.48% decrease in their ownership of the stock. Over the last 90 days, insiders have acquired 47,356 shares of company stock worth $2,091,456 and have sold 143,588 shares worth $6,212,553. Insiders own 0.58% of the company’s stock.

About Eldorado Gold

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.