Eldorado Gold Co. (TSE:ELD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$62.50.

Several brokerages have recently weighed in on ELD. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 9th. Canaccord Genuity Group raised their target price on Eldorado Gold from C$45.00 to C$55.00 in a research note on Thursday. Stifel Nicolaus raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. National Bank Financial upped their price target on Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th.

View Our Latest Research Report on ELD

Insider Buying and Selling

In related news, insider Mehmet Yilmaz sold 5,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$44.42, for a total value of C$222,100.00. Following the transaction, the insider directly owned 27,543 shares in the company, valued at C$1,223,460.06. This trade represents a 15.36% decrease in their position. Also, insider Per Niklas Frank sold 9,524 shares of Eldorado Gold stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the completion of the sale, the insider directly owned 16,777 shares of the company’s stock, valued at approximately C$721,746.54. The trade was a 36.21% decrease in their position. Over the last ninety days, insiders have bought 75 shares of company stock worth $3,347 and have sold 21,915 shares worth $949,783. 0.58% of the stock is owned by corporate insiders.

Eldorado Gold Stock Performance

TSE:ELD opened at C$55.09 on Friday. The company has a quick ratio of 2.27, a current ratio of 1.31 and a debt-to-equity ratio of 25.70. Eldorado Gold has a twelve month low of C$30.29 and a twelve month high of C$69.46. The company has a fifty day moving average of C$45.40 and a 200-day moving average of C$48.99. The firm has a market capitalization of C$14.37 billion, a P/E ratio of 19.60, a P/E/G ratio of 56.20 and a beta of 1.43.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last issued its earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. The business had revenue of C$692.57 million for the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. As a group, sell-side analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current year.

Eldorado Gold Company Profile

(Get Free Report)

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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Analyst Recommendations for Eldorado Gold (TSE:ELD)

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