Eldorado Gold (TSE:ELD) Stock Gets Price Target Trim from National Bank Financial

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective trimmed by National Bank Financial from C$74.00 to C$68.00 in a research report sent to investors on Monday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently commented on ELD. Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$65.00 to C$70.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Bank of America upgraded shares of Eldorado Gold from an “underperform” rating to a “buy” rating and increased their price target for the company from C$32.00 to C$54.00 in a research note on Tuesday, September 22nd. Canaccord Genuity Group cut Eldorado Gold from a “buy” rating to a “hold” rating and cut their target price for the stock from C$57.00 to C$47.00 in a research report on Friday, October 30th. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, ATB Cormark Capital Markets lowered their target price on Eldorado Gold from C$64.00 to C$61.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Eldorado Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$58.75.

Eldorado Gold Stock Performance

TSE:ELD opened at C$46.72 on Monday. The firm has a market capitalization of C$12.20 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 56.20 and a beta of 1.68. The company has a debt-to-equity ratio of 28.90, a current ratio of 1.42 and a quick ratio of 2.27. Eldorado Gold has a 1-year low of C$35.75 and a 1-year high of C$69.46. The company’s 50-day moving average is C$54.61 and its two-hundred day moving average is C$51.03.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$0.70 earnings per share (EPS) for the quarter. The firm had revenue of C$728.69 million for the quarter. Eldorado Gold had a net margin of 31.67% and a return on equity of 11.96%. Analysts forecast that Eldorado Gold will post 2.15 EPS for the current year.

Insider Buying and Selling at Eldorado Gold

In other news, Director Seda Erdemir sold 1,239 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43. 0.58% of the stock is currently owned by company insiders.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).