Eldorado Gold Co. (TSE:ELD) Receives Consensus Rating of “Moderate Buy” from Analysts

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$63.50.

A number of brokerages have recently issued reports on ELD. Stifel Nicolaus upped their price target on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Canaccord Genuity Group downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, National Bank Financial upped their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, insider Sylvain Lehoux sold 10,247 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total transaction of C$442,362.99. Following the sale, the insider directly owned 2,146 shares of the company’s stock, valued at approximately C$92,642.82. This trade represents a 82.68% decrease in their position. Also, insider Frank Hamilton Herbert sold 17,736 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$765,663.12. Following the sale, the insider directly owned 19,621 shares in the company, valued at C$847,038.57. This represents a 47.48% decrease in their ownership of the stock. Over the last 90 days, insiders acquired 47,281 shares of company stock worth $2,088,108 and sold 127,165 shares worth $5,544,070. Insiders own 0.58% of the company’s stock.

Eldorado Gold Stock Down 7.2%

Eldorado Gold stock opened at C$41.24 on Monday. The business has a fifty day moving average of C$45.74 and a two-hundred day moving average of C$50.15. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The firm has a market cap of C$10.74 billion, a P/E ratio of 14.73, a P/E/G ratio of 56.20 and a beta of 1.37. Eldorado Gold has a twelve month low of C$26.74 and a twelve month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share for the quarter. The company had revenue of C$740.23 million during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. On average, analysts forecast 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.