Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) was upgraded by analysts at Bank of America from an “underperform” rating to a “buy” rating in a report released on Tuesday, BayStreet reports. The brokerage currently has a C$54.00 target price on the stock, up from their prior target price of C$32.00. Bank of America‘s price target would suggest a potential downside of 13.94% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Jefferies Financial Group upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th. Stifel Nicolaus upped 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 report on Thursday, September 17th. 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. National Bank Financial lifted their price objective on shares of 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. Finally, ATB Cormark Capital Markets upped their target price on Eldorado Gold from C$45.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.25.
Read Our Latest Stock Report on ELD
Eldorado Gold Price Performance
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%.The company had revenue of C$692.57 million during the quarter. Equities analysts expect that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.
Insider Transactions at Eldorado Gold
In other news, Director Seda Erdemir sold 1,239 shares of Eldorado Gold stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43. Also, insider Mehmet Yilmaz sold 5,000 shares of the business’s stock in a transaction that occurred on 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 approximately C$1,223,460.06. This trade represents a 15.36% decrease in their ownership of the stock. Insiders sold a total of 23,154 shares of company stock worth $1,024,582 over the last three months. 0.58% of the stock is 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).
See Also
- Five stocks we like better than Eldorado Gold
- Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
- AMD Chips Away at NVIDIA’s AI Throne
- Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
- IonQ’s AI Breakthrough Looks Big—But Can It Drive Revenue?
Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.
