Eldorado Gold (TSE:ELD) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective lifted by investment analysts at Stifel Nicolaus from C$48.00 to C$65.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 11.21% from the stock’s current price.

A number of other equities analysts also recently commented on ELD. Canaccord Genuity Group reduced their price objective on shares of Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. BMO Capital Markets increased their target price on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, ATB Capital lowered their price target on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$60.75.

Eldorado Gold Stock Performance

ELD traded up C$1.47 on Tuesday, hitting C$58.45. The company had a trading volume of 321,292 shares, compared to its average volume of 632,352. Eldorado Gold has a 1-year low of C$18.94 and a 1-year high of C$69.46. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The company’s fifty day moving average price is C$52.66 and its 200 day moving average price is C$42.16. The stock has a market cap of C$11.75 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The business had revenue of C$605.32 million during the quarter. Equities analysts predict that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

About Eldorado Gold

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.