Eldorado Gold (TSE:ELD – Free Report) (NYSE:EGO) had its price target upped by Stifel Nicolaus from C$17.25 to C$19.50 in a research note published on Friday, BayStreet.CA reports.
ELD has been the topic of several other reports. Stifel Canada cut shares of Eldorado Gold from a buy rating to a hold rating in a report on Friday, January 26th. National Bank Financial reiterated an outperform spec overweight rating on shares of Eldorado Gold in a research note on Monday, April 8th. Bank of America boosted their target price on shares of Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. National Bankshares lowered their target price on shares of Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating for the company in a research note on Monday, February 26th. Finally, Cormark lowered their target price on shares of Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$19.11.
Read Our Latest Analysis on ELD
Eldorado Gold Trading Up 0.8 %
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.05. The firm had revenue of C$417.85 million for the quarter. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. Equities research analysts predict that Eldorado Gold will post 0.9818008 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$16.62, for a total transaction of C$166,225.00. Insiders have sold a total of 41,338 shares of company stock valued at $684,168 in the last quarter. Company insiders own 0.69% of the company’s stock.
About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.
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