Eldorado Gold (TSE:ELD) Price Target Raised to C$65.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective hoisted by Stifel Nicolaus from C$48.00 to C$65.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

ELD has been the subject of a number of other research reports. BMO Capital Markets increased their price target on shares of Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Canaccord Genuity Group reduced their price target on Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Finally, ATB Capital lowered their price target on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold currently has a consensus rating of “Buy” and an average price target of C$60.75.

Eldorado Gold Stock Down 2.1%

ELD stock opened at C$61.47 on Tuesday. The company has a market cap of C$12.36 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 56.20 and a beta of 1.44. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$69.46. The business has a 50 day moving average price of C$53.73 and a two-hundred day moving average price of C$42.65. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The company had revenue of C$605.32 million for the quarter. Analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current fiscal 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.