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

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$62.50.

A number of equities research analysts recently commented on the company. Canaccord Genuity Group increased their price target on Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. National Bank Financial lifted their price target on Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st.

Insiders Place Their Bets

In related news, insider Per Niklas Frank sold 9,524 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 16,777 shares in the company, valued at approximately C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. Also, insider Mehmet Yilmaz sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the sale, the insider owned 27,543 shares of the company’s stock, valued at C$1,223,460.06. This trade represents a 15.36% decrease in their position. Over the last quarter, insiders have bought 75 shares of company stock worth $3,347 and have sold 21,915 shares worth $949,783. Insiders own 0.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at C$55.09 on Friday. Eldorado Gold has a 52 week low of C$30.29 and a 52 week high of C$69.46. The company has a quick ratio of 2.27, a current ratio of 1.31 and a debt-to-equity ratio of 25.70. The business has a 50 day moving average price of C$45.40 and a 200-day moving average price of C$48.99. The company has a market cap of C$14.37 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 56.20 and a beta of 1.43.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%.The company had revenue of C$692.57 million for the quarter. Equities analysts anticipate 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.