Eldorado Gold (TSE:ELD) Given New C$68.00 Price Target at National Bank Financial

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price cut by research analysts at National Bank Financial from C$74.00 to C$68.00 in a report issued on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price target would suggest a potential upside of 49.45% from the stock’s previous close.

A number of other equities analysts also recently commented on ELD. Bank of America upgraded shares of Eldorado Gold from an “underperform” rating to a “buy” rating and boosted their target price for the stock from C$32.00 to C$54.00 in a research note on Tuesday, September 22nd. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 9th. Canaccord Genuity Group lowered Eldorado Gold from a “buy” rating to a “hold” rating and cut their target price for the stock from C$57.00 to C$47.00 in a research report on Friday. ATB Cormark Capital Markets decreased their target price on Eldorado Gold from C$64.00 to C$61.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, Stifel Nicolaus upped their price target on Eldorado Gold from C$65.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$58.75.

Eldorado Gold Stock Up 6.5%

Shares of TSE:ELD traded up C$2.79 during trading on Monday, hitting C$45.50. The company’s stock had a trading volume of 887,922 shares, compared to its average volume of 794,668. Eldorado Gold has a fifty-two week low of C$34.71 and a fifty-two week high of C$69.46. The business has a 50 day moving average price of C$55.77 and a two-hundred day moving average price of C$51.20. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.27 and a current ratio of 1.42. The company has a market capitalization of C$11.88 billion, a PE ratio of 15.37, a P/E/G ratio of 56.20 and a beta of 1.68.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Wednesday, October 28th. The company reported C$0.70 earnings per share (EPS) for the quarter. The company had revenue of C$728.69 million for the quarter. Eldorado Gold had a return on equity of 11.96% and a net margin of 31.67%. As a group, research analysts expect that Eldorado Gold will post 2.15 EPS for the current fiscal year.

Insider Activity

In other news, Director Seda Erdemir sold 1,239 shares of Eldorado Gold stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total value of C$74,798.43. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).