Eldorado Gold (TSE:ELD) Upgraded at Canadian Imperial Bank of Commerce

Eldorado Gold (TSE:ELD) (NYSE:EGO) was upgraded by equities research analysts at Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. TD reduced their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. National Bank Financial increased their price target on Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eldorado Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$63.38.

Eldorado Gold Price Performance

ELD opened at C$54.54 on Friday. Eldorado Gold has a 1 year low of C$29.70 and a 1 year high of C$69.46. The firm has a market capitalization of C$14.22 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 56.20 and a beta of 1.43. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27. The business’s 50-day moving average is C$44.54 and its two-hundred day moving average is C$49.11.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. The company had revenue of C$692.57 million during the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. Research analysts anticipate that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel Myerson purchased 1,100 shares of the company’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of C$43.71 per share, for a total transaction of C$48,081.00. Following the purchase, the director owned 3,941 shares in the company, valued at C$172,261.11. This trade represents a 38.72% increase in their ownership of the stock. Also, insider Mehmet Yilmaz sold 5,000 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$44.42, for a total value of C$222,100.00. Following the completion of the transaction, the insider directly owned 27,543 shares in the company, valued at C$1,223,460.06. This represents a 15.36% decrease in their ownership of the stock. In the last 90 days, insiders bought 1,184 shares of company stock worth $51,823 and sold 21,915 shares worth $949,783. 0.58% of the stock is currently owned by company insiders.

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.