Eldorado Gold (TSE:ELD) Upgraded at Scotiabank

Scotiabank upgraded shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Several other analysts also recently issued reports on ELD. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and boosted their target price for the company from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. BMO Capital Markets lifted their price target on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$43.58.

Eldorado Gold Price Performance

ELD stock opened at C$67.47 on Monday. Eldorado Gold has a one year low of C$18.94 and a one year high of C$69.46. The firm has a 50-day moving average of C$50.36 and a two-hundred day moving average of C$40.51. The firm has a market capitalization of C$13.56 billion, a PE ratio of 37.48, a P/E/G ratio of 56.20 and a beta of 1.38. 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 released its quarterly earnings results on Thursday, October 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$605.32 million for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. On average, analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current year.

Insider Activity at Eldorado Gold

In related news, insider Christian Milau purchased 2,700 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of C$36.99 per share, with a total value of C$99,873.00. Following the completion of the purchase, the insider owned 11,290 shares of the company’s stock, valued at C$417,617.10. The trade was a 31.43% increase in their position. 0.58% of the stock is currently owned by corporate insiders.

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.