Eldorado Gold (TSE:ELD) Price Target Raised to C$63.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective increased by Canaccord Genuity Group from C$55.00 to C$63.00 in a report issued on Tuesday,BayStreet reports.

A number of other brokerages have also recently commented on ELD. Canadian Imperial Bank of Commerce raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th. National Bank Financial increased their price objective on Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Stifel Nicolaus raised their price objective on Eldorado Gold from C$65.00 to C$70.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Jefferies Financial Group raised Eldorado Gold to a “strong-buy” rating in a report on Thursday, August 20th. Finally, ATB Cormark Capital Markets upped their target price on Eldorado Gold from C$45.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and a consensus price target of C$61.25.

Eldorado Gold Trading Down 1.6%

TSE ELD opened at C$59.54 on Tuesday. The company has a fifty day simple moving average of C$54.88 and a two-hundred day simple moving average of C$48.97. The stock has a market cap of C$15.53 billion, a P/E ratio of 21.19, a P/E/G ratio of 56.20 and a beta of 1.69. Eldorado Gold has a 12-month low of C$34.25 and a 12-month high of C$69.46. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.77 earnings per share for the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. The firm had revenue of C$692.57 million for the quarter. On average, analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current year.

Insider Activity

In other news, Director Seda Erdemir sold 1,239 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total transaction of C$74,798.43. 0.58% of the stock is currently owned by insiders.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).