BMO Capital Markets Increases Eldorado Gold (TSE:ELD) Price Target to C$74.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price increased by analysts at BMO Capital Markets from C$59.00 to C$74.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 16.90% from the company’s current price.

Separately, Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and lifted their price target for the company from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$43.58.

Eldorado Gold Trading Up 1.6%

TSE ELD opened at C$63.30 on Thursday. The firm has a market capitalization of C$12.73 billion, a PE ratio of 35.17, a P/E/G ratio of 56.20 and a beta of 1.38. The stock’s 50 day moving average is C$48.73 and its 200 day moving average is C$39.60. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$64.05. 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 posted 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 business had revenue of C$605.32 million during the quarter. Research analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

In related news, insider Christian Milau purchased 2,700 shares of the stock in a transaction dated Friday, November 7th. The stock was purchased 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 in the company, valued at C$417,617.10. This trade represents a 31.43% increase in their ownership of the stock. 0.58% of the stock is owned by insiders.

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.