Eldorado Gold Co. (TSE:ELD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$21.48.

Several brokerages recently commented on ELD. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. National Bankshares increased their price objective on shares of Eldorado Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Canaccord Genuity Group increased their price target on shares of Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. Finally, BMO Capital Markets increased their price target on shares of Eldorado Gold from C$21.00 to C$23.00 in a report on Friday, April 26th.

Eldorado Gold Stock Performance

ELD stock opened at C$22.91 on Friday. The firm has a market cap of C$4.67 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 56.20 and a beta of 1.23. The firm has a 50-day simple moving average of C$21.28 and a two-hundred day simple moving average of C$18.89. Eldorado Gold has a one year low of C$11.38 and a one year high of C$23.62. The company has a debt-to-equity ratio of 18.65, a quick ratio of 2.28 and a current ratio of 3.50.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, April 25th. The company reported C$0.36 EPS for the quarter, beating the consensus estimate of C$0.21 by C$0.15. The firm had revenue of C$347.78 million during the quarter. Eldorado Gold had a net margin of 11.45% and a return on equity of 3.56%. On average, equities analysts forecast that Eldorado Gold will post 1.4664843 EPS for the current fiscal year.

Insider Transactions at Eldorado Gold

In related news, Senior Officer Christos Balaskas sold 3,186 shares of Eldorado Gold stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$20.29, for a total value of C$64,633.74. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$21.12, for a total value of C$211,200.00. Also, Senior Officer Christos Balaskas sold 3,186 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$20.29, for a total value of C$64,633.74. Insiders have sold 304,292 shares of company stock valued at $6,057,269 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

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.