Eldorado Gold (TSE:ELD) Lifted to “Strong-Buy” at Cibc World Mkts

Cibc World Mkts upgraded shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) to a strong-buy rating in a research note published on Wednesday, Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Bank of America lifted their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. Canaccord Genuity Group upped their price objective on shares of Eldorado Gold from C$19.00 to C$23.00 in a research note on Tuesday, April 23rd. BMO Capital Markets raised their target price on shares of Eldorado Gold from C$21.00 to C$23.00 in a research report on Friday, April 26th. Royal Bank of Canada raised shares of Eldorado Gold from a sector perform rating to an outperform rating and upped their price target for the stock from C$14.00 to C$20.00 in a research report on Wednesday, May 29th. Finally, National Bank Financial reaffirmed an outperform spec overweight rating on shares of Eldorado Gold in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$21.48.

Eldorado Gold Price Performance

Eldorado Gold stock opened at C$22.57 on Wednesday. The stock has a market capitalization of C$4.60 billion, a P/E ratio of 27.19, a P/E/G ratio of 56.20 and a beta of 1.23. Eldorado Gold has a 12-month low of C$11.38 and a 12-month high of C$22.75. The company has a debt-to-equity ratio of 18.65, a current ratio of 3.50 and a quick ratio of 2.28. The firm’s 50-day moving average is C$21.06 and its two-hundred day moving average is C$18.73.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, April 25th. The company reported C$0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.15. The firm had revenue of C$347.78 million for the quarter. Eldorado Gold had a net margin of 11.45% and a return on equity of 3.56%. Equities analysts predict that Eldorado Gold will post 1.4664843 earnings per share for the current year.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Senior Officer Christos Balaskas sold 6,518 shares of the business’s stock in a transaction that occurred on Sunday, June 23rd. The shares were sold at an average price of C$20.60, for a total transaction of C$134,270.80. In other Eldorado Gold news, Senior Officer Christos Balaskas sold 6,518 shares of the firm’s stock in a transaction dated Sunday, June 23rd. The stock was sold at an average price of C$20.60, for a total value of C$134,270.80. Also, Senior Officer Joseph Dennis Dick sold 47,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$16.00, for a total value of C$751,971.80. Over the last quarter, insiders have sold 304,292 shares of company stock worth $6,057,269. Company insiders own 0.70% of the company’s stock.

Eldorado Gold Company Profile

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.