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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$63.50.

Several analysts recently issued reports on ELD shares. Stifel Nicolaus increased their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. National Bank Financial increased their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Bank of America lifted their price target on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th.

Insider Buying and Selling

In other news, insider Christine Tamiko Ohta sold 5,492 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of C$51.22, for a total value of C$281,300.24. Following the completion of the sale, the insider directly owned 8,427 shares in the company, valued at approximately C$431,630.94. The trade was a 39.46% decrease in their position. Also, insider Christian Milau purchased 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average cost of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the transaction, the insider owned 14,994 shares in the company, valued at approximately C$878,498.46. This represents a 30.45% increase in their position. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Price Performance

ELD stock opened at C$47.25 on Friday. The stock’s 50 day moving average is C$53.72 and its two-hundred day moving average is C$48.81. Eldorado Gold has a 52-week low of C$23.99 and a 52-week high of C$69.46. The company has a market capitalization of C$9.36 billion, a PE ratio of 19.13, a P/E/G ratio of 56.20 and a beta of 1.67. The company has a quick ratio of 2.28, a current ratio of 1.83 and a debt-to-equity ratio of 30.34.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, February 19th. The company reported C$0.86 EPS for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%.The company had revenue of C$767.52 million during the quarter. Analysts predict that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

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.