Eldorado Gold (TSE:ELD) Price Target Increased to C$23.00 by Analysts at Canaccord Genuity Group

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target increased by Canaccord Genuity Group from C$19.00 to C$23.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

ELD has been the topic of several other reports. National Bank Financial restated an outperform spec overweight rating on shares of Eldorado Gold in a report on Monday, April 8th. National Bankshares lowered their price target on shares of Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating on the stock in a report on Monday, February 26th. Cormark lowered their price target on shares of Eldorado Gold from C$26.00 to C$25.00 in a report on Monday, February 26th. Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Finally, Bank of America boosted their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of C$19.97.

Eldorado Gold Price Performance

Shares of TSE:ELD opened at C$20.20 on Tuesday. The company’s fifty day moving average is C$17.96 and its two-hundred day moving average is C$16.63. The company has a quick ratio of 2.28, a current ratio of 3.39 and a debt-to-equity ratio of 18.60. Eldorado Gold has a 12-month low of C$11.38 and a 12-month high of C$22.01. The company has a market cap of C$4.10 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The company had revenue of C$417.85 million for the quarter. Equities analysts expect that Eldorado Gold will post 0.9818008 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total value of C$34,675.00. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total transaction of C$34,675.00. Also, Senior Officer Peter Jonathan Lind sold 9,130 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$18.24, for a total transaction of C$166,531.20. Over the last three months, insiders sold 41,338 shares of company stock worth $684,168. Corporate insiders own 0.69% of the company’s stock.

About Eldorado Gold

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.