Eldorado Gold Co. (TSE:ELD) Receives Average Rating of “Hold” from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$21.48.

A number of analysts have recently commented on the company. Canaccord Genuity Group upped their price objective on Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. Cormark decreased their price target on shares of Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 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. Stifel Nicolaus upped their price target on shares of Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday, April 19th. Finally, Bank of America upped their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 7,542 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of C$20.24, for a total value of C$152,640.28. In other news, Senior Officer Karen Christine Aram sold 7,542 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of C$20.24, for a total transaction of C$152,640.28. Also, Senior Officer Christos Balaskas sold 3,186 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of C$20.29, for a total transaction of C$64,633.74. Insiders sold a total of 297,774 shares of company stock valued at $5,922,998 in the last ninety days. Insiders own 0.70% of the company’s stock.

Eldorado Gold Trading Down 1.8 %

ELD stock opened at C$20.56 on Wednesday. The company has a market cap of C$4.19 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 56.20 and a beta of 1.23. The company has a quick ratio of 2.28, a current ratio of 3.50 and a debt-to-equity ratio of 18.65. The business has a fifty day simple moving average of C$20.83 and a 200-day simple moving average of C$18.36. Eldorado Gold has a 52 week low of C$11.38 and a 52 week high of C$22.59.

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

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.