Eldorado Gold (TSE:ELD – Free Report) (NYSE:EGO) had its target price upped by Canaccord Genuity Group from C$45.00 to C$55.00 in a research report released on Thursday morning,BayStreet.CA reports.
ELD has been the subject of a number of other research reports. National Bank Financial lifted their price target on 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. Canadian Imperial Bank of Commerce raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$62.50.
Eldorado Gold Stock Up 2.9%
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last posted its earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share for the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. The company had revenue of C$692.57 million for the quarter. On average, equities research analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.
Insider Transactions at Eldorado Gold
In other Eldorado Gold news, insider Per Niklas Frank sold 9,524 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total value 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. This represents a 36.21% decrease in their position. Also, insider Mehmet Yilmaz sold 5,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the completion of the sale, the insider directly owned 27,543 shares of the company’s stock, valued at C$1,223,460.06. The trade was a 15.36% decrease in their ownership of the stock. Over the last three months, insiders have purchased 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 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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