Brokerages Set Eldorado Gold Co. (TSE:ELD) Target Price at C$18.06

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$18.79.

Several research analysts have recently issued reports on ELD shares. Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Stifel Nicolaus lowered Eldorado Gold from a “buy” rating to a “hold” rating and raised their price objective for the company from C$15.50 to C$17.25 in a research report on Friday, January 26th. National Bankshares reduced their price objective on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Wednesday, January 3rd. Finally, BMO Capital Markets raised their price objective on Eldorado Gold from C$17.00 to C$18.00 in a research report on Wednesday, December 13th.

Eldorado Gold Trading Up 3.7 %

TSE ELD opened at C$21.25 on Friday. Eldorado Gold has a fifty-two week low of C$11.38 and a fifty-two week high of C$21.34. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. The stock has a 50 day simple moving average of C$16.90 and a two-hundred day simple moving average of C$15.98. The stock has a market cap of C$4.32 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 earnings per share for the quarter, topping the consensus estimate of C$0.28 by C$0.05. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. The business had revenue of C$417.85 million during the quarter. On average, analysts forecast that Eldorado Gold will post 0.9818008 earnings per share for the current year.

Insider Buying and Selling

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total transaction of C$34,675.00. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total transaction of C$34,675.00. Also, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. Insiders sold 41,338 shares of company stock valued at $684,168 over the last 90 days. Company insiders own 0.69% of the company’s stock.

Eldorado Gold Company Profile

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.