Eldorado Gold (TSE:ELD) Lowered to “Hold” Rating by ATB Cormark Capital Markets

ATB Cormark Capital Markets cut shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from a moderate buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

ELD has been the topic of a number of other reports. Royal Bank Of Canada lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Stifel Nicolaus upped their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Bank of America upped their target price on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Canaccord Genuity Group downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$63.50.

Eldorado Gold Trading Up 2.2%

TSE:ELD traded up C$0.87 on Monday, reaching C$40.02. The stock had a trading volume of 145,614 shares, compared to its average volume of 774,664. The company has a market cap of C$10.43 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 56.20 and a beta of 1.67. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28. The firm’s fifty day moving average is C$50.26 and its two-hundred day moving average is C$49.06. Eldorado Gold has a 12-month low of C$23.99 and a 12-month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share (EPS) for the quarter. The company had revenue of C$740.23 million for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. Equities analysts expect that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Transactions at Eldorado Gold

In related news, insider Christian Milau acquired 3,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the purchase, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. The trade was a 30.45% increase in their position. Also, insider Christine Tamiko Ohta sold 5,492 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the transaction, the insider directly owned 8,427 shares of the company’s stock, valued at approximately C$431,630.94. This represents a 39.46% decrease in their position. Corporate insiders own 0.58% of the company’s stock.

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.