BMO Capital Markets Has Lowered Expectations for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective lowered by BMO Capital Markets from C$31.00 to C$29.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 28.95% from the stock’s current price.

ELD has been the subject of several other reports. National Bankshares dropped their target price on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Stifel Nicolaus dropped their price objective on shares of Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th.

Eldorado Gold Price Performance

ELD traded up C$0.73 on Thursday, reaching C$22.49. 182,027 shares of the company’s stock were exchanged, compared to its average volume of 347,523. Eldorado Gold has a twelve month low of C$13.10 and a twelve month high of C$26.32. The stock has a market cap of C$4.61 billion, a PE ratio of 18.74, a P/E/G ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The stock’s fifty day moving average price is C$22.22 and its 200-day moving average price is C$22.91.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, October 31st. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.46 by C$0.01. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. During the same quarter in the previous year, the company posted $0.23 EPS. Sell-side analysts expect that Eldorado Gold will post 2.1505174 EPS for the current year.

Eldorado Gold Company Profile

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.