Shares of Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and four have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$59.38.
A number of research analysts have weighed in on ELD shares. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. ATB Cormark Capital Markets lifted their price target on shares of Eldorado Gold from C$45.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Canaccord Genuity Group upped their price objective on Eldorado Gold from C$45.00 to C$55.00 in a research note on Thursday, August 13th. National Bank Financial increased their price objective on Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group raised Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th.
Read Our Latest Stock Analysis on ELD
Eldorado Gold Trading Down 2.2%
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last posted its quarterly 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 during the quarter. Equities research analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current year.
Insider Transactions at Eldorado Gold
In related news, insider Mehmet Yilmaz sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 27,543 shares in the company, valued at approximately C$1,223,460.06. The trade was a 15.36% decrease in their position. Also, 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 transaction of C$409,722.48. Following the sale, the insider directly owned 16,777 shares in the company, valued at approximately C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. In the last 90 days, insiders bought 75 shares of company stock worth $3,347 and sold 23,154 shares worth $1,024,582. 0.58% of the stock is owned by corporate insiders.
Eldorado Gold Company Profile
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).
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