Eldorado Gold Co. (TSE:ELD) Receives C$22.54 Consensus Price Target from Brokerages

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$22.54.

ELD has been the subject of several research reports. Cibc World Mkts raised shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. National Bankshares increased their price target on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Finally, Canaccord Genuity Group lifted their price objective on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd.

Insider Activity

In other news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. Insiders sold 14,988 shares of company stock valued at $334,328 in the last ninety days. Insiders own 0.58% of the company’s stock.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock opened at C$23.80 on Friday. The stock’s 50-day simple moving average is C$23.23 and its 200-day simple moving average is C$21.44. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. Eldorado Gold has a 52 week low of C$11.52 and a 52 week high of C$25.37. The company has a market capitalization of C$4.87 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 56.20 and a beta of 1.23.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The firm had revenue of C$406.56 million for the quarter. As a group, analysts expect that Eldorado Gold will post 2.1566697 earnings per share for the current fiscal year.

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.