Eldorado Gold (TSE:ELD) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price boosted by analysts at Stifel Nicolaus from C$48.00 to C$65.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 3.55% from the company’s previous close.

A number of other equities research analysts also recently commented on ELD. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Canaccord Genuity Group lowered their price target on Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. ATB Capital cut their price target on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. Finally, BMO Capital Markets upped their price target on shares of Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$60.75.

Eldorado Gold Stock Performance

TSE:ELD opened at C$62.77 on Tuesday. The stock’s 50 day simple moving average is C$53.37 and its two-hundred day simple moving average is C$42.52. Eldorado Gold has a 1 year low of C$18.94 and a 1 year high of C$69.46. The company has a market cap of C$12.62 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 56.20 and a beta of 1.44. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28.

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

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.