Eldorado Gold Co. (TSE:ELD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$63.50.

A number of brokerages have recently weighed in on ELD. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. TD dropped their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Bank of America upped their target price on Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Finally, BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the company an “outperform” rating in a report on Wednesday, April 15th.

Insiders Place Their Bets

In other news, Director George Raymond Burns sold 61,327 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total value of C$2,647,486.59. Following the transaction, the director directly owned 502,605 shares of the company’s stock, valued at approximately C$21,697,457.85. This represents a 10.87% decrease in their ownership of the stock. Also, insider Paul Anthony Ferneyhough sold 6,808 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total transaction of C$293,901.36. Following the completion of the transaction, the insider directly owned 43,940 shares in the company, valued at C$1,896,889.80. This trade represents a 13.42% decrease in their ownership of the stock. In the last three months, insiders acquired 47,281 shares of company stock valued at $2,088,108 and sold 127,165 shares valued at $5,544,070. 0.58% of the stock is owned by insiders.

Eldorado Gold Price Performance

Shares of TSE:ELD opened at C$46.58 on Monday. The company’s fifty day moving average is C$45.82 and its two-hundred day moving average is C$50.06. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. Eldorado Gold has a 12-month low of C$26.74 and a 12-month high of C$69.46. The company has a market cap of C$12.27 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share (EPS) for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The company had revenue of C$740.23 million for the quarter. Equities analysts expect 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.