Eldorado Gold (TSE:ELD) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group cut shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning,Zacks.com reports.

Several other research firms also recently weighed in on ELD. ATB Cormark Capital Markets dropped their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. BMO Capital Markets lifted their price objective on shares of Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Stifel Nicolaus increased their target price on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and raised their target price for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$58.93.

Eldorado Gold Stock Down 9.7%

Shares of Eldorado Gold stock opened at C$58.84 on Friday. Eldorado Gold has a 12-month low of C$18.94 and a 12-month high of C$69.46. The firm has a market capitalization of C$11.83 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The stock’s fifty day moving average is C$55.85 and its 200-day moving average is C$44.27.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, February 19th. The company reported C$3.29 earnings per share for the quarter. The business had revenue of C$767.52 million during the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%. Equities analysts anticipate that Eldorado Gold will post 2.1505174 earnings per share for the current 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.