Eldorado Gold (TSE:ELD) Price Target Raised to C$64.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price hoisted by ATB Cormark Capital Markets from C$45.00 to C$64.00 in a research note issued to investors on Thursday,BayStreet reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

Other research analysts also recently issued research reports about the stock. National Bank Financial lifted their price target on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Stifel Nicolaus raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Canaccord Genuity Group raised their price objective on shares of 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 report on Sunday, August 9th. Finally, Jefferies Financial Group upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Thursday, August 20th. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$59.38.

Eldorado Gold Price Performance

ELD stock opened at C$60.62 on Thursday. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27. The firm has a market capitalization of C$15.81 billion, a P/E ratio of 21.57, a P/E/G ratio of 56.20 and a beta of 1.69. The business’s 50-day moving average is C$51.93 and its two-hundred day moving average is C$49.05. 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 announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%.The business had revenue of C$692.57 million during the quarter. Analysts anticipate that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

In other news, insider Mehmet Yilmaz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the completion of the sale, the insider owned 27,543 shares in the company, valued at approximately 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 company’s stock in a transaction on 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 transaction, the insider owned 16,777 shares of the company’s stock, valued at approximately C$721,746.54. The trade was a 36.21% decrease in their position. Over the last three months, insiders have purchased 75 shares of company stock worth $3,347 and have sold 23,154 shares worth $1,024,582. 0.58% of the stock is currently owned by insiders.

Eldorado Gold Company Profile

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).