Eldorado Gold (TSE:ELD) Cut to “Hold” at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce lowered 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.

A number of other research analysts also recently commented on the company. BMO Capital Markets increased their price target on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Stifel Nicolaus lifted their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. ATB Cormark Capital Markets cut their price target on shares of 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, Canaccord Genuity Group lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.93.

Eldorado Gold Price Performance

ELD opened at C$58.84 on Friday. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$69.46. The firm has a market cap of C$11.83 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 56.20 and a beta of 1.44. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The company has a fifty day simple moving average of C$55.85 and a 200 day simple moving average of C$44.27.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$3.29 EPS for the quarter. The firm had revenue of C$767.52 million for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. Equities research analysts expect that Eldorado Gold will post 2.1505174 EPS 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.