Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$63.50.
Several research analysts have issued reports on ELD shares. 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. Royal Bank Of Canada downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from C$47.00 to C$48.00 in a report on Tuesday, February 17th. TD lowered their price objective on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Bank of America upped their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Finally, National Bank Financial upped their price objective on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th.
Read Our Latest Research Report on Eldorado Gold
Eldorado Gold Price Performance
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share (EPS) for the quarter. The business had revenue of C$740.23 million for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. As a group, research analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.
Insider Transactions at Eldorado Gold
In related news, insider Sylvain Lehoux sold 5,899 shares of Eldorado Gold stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$44.89, for a total transaction of C$264,806.11. Also, Director Daniel Myerson bought 1,100 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of C$43.71 per share, for a total transaction of C$48,081.00. Following the transaction, the director owned 3,941 shares of the company’s stock, valued at C$172,261.11. The trade was a 38.72% increase in their ownership of the stock. Over the last quarter, insiders bought 47,281 shares of company stock valued at $2,088,108 and sold 127,165 shares valued at $5,544,070. 0.58% of the stock is owned by company insiders.
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.
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