Stifel Nicolaus Has Lowered Expectations for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target dropped by Stifel Nicolaus from C$28.00 to C$27.00 in a research note issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 22.73% from the stock’s previous close.

Separately, National Bankshares increased their price objective on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and a consensus price target of C$23.61.

Eldorado Gold Stock Down 5.1 %

ELD stock traded down C$1.18 during midday trading on Monday, hitting C$22.00. The stock had a trading volume of 149,661 shares, compared to its average volume of 363,973. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The business has a 50-day moving average of C$23.61 and a two-hundred day moving average of C$22.47. Eldorado Gold has a 52-week low of C$13.10 and a 52-week high of C$26.32. The firm has a market cap of C$4.50 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. Insiders sold 10,564 shares of company stock worth $239,995 in the last quarter. 0.58% of the stock is owned by corporate insiders.

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.