Eldorado Gold (TSE:ELD) Sets New 1-Year High After Analyst Upgrade

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) hit a new 52-week high on Friday after BMO Capital Markets raised their price target on the stock from C$50.00 to C$53.00. The company traded as high as C$43.87 and last traded at C$43.55, with a volume of 34870 shares. The stock had previously closed at C$43.19.

A number of other analysts also recently weighed in on ELD. Bank of America boosted their target price on Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. Finally, National Bankshares upped their price objective on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$40.08.

Insiders Place Their Bets

In other news, insider Christian Milau purchased 2,700 shares of the company’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the transaction, the insider directly owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This represents a 31.43% increase in their position. Also, insider Lynette Gould sold 3,330 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of C$34.94, for a total transaction of C$116,360.86. Following the completion of the sale, the insider directly owned 2,635 shares in the company, valued at approximately C$92,075.33. This trade represents a 55.83% decrease in their position. Corporate insiders own 0.58% of the company’s stock.

Eldorado Gold Stock Performance

The business has a fifty day moving average of C$39.04 and a 200-day moving average of C$33.28. The company has a market cap of C$8.83 billion, a PE ratio of 24.40, a P/E/G ratio of 56.20 and a beta of 1.33. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28.

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

About Eldorado Gold

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.