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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat 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 target price among brokerages that have issued a report on the stock in the last year is C$63.50.

ELD has been the subject of a number of research reports. ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Bank of America boosted their price target on Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. TD lowered their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. National Bank Financial boosted their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the company an “outperform” rating in a report on Wednesday, April 15th.

Eldorado Gold Stock Up 2.3%

Shares of TSE:ELD opened at C$43.21 on Friday. Eldorado Gold has a 1 year low of C$26.74 and a 1 year high of C$69.46. The business has a 50 day simple moving average of C$44.40 and a two-hundred day simple moving average of C$50.47. The firm has a market capitalization of C$11.26 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 56.20 and a beta of 1.37. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share (EPS) for the quarter. The firm had revenue of C$740.23 million during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%. On average, equities analysts predict that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Director Stephen David Walker acquired 600 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of C$48.40 per share, with a total value of C$29,040.00. Following the completion of the purchase, the director directly owned 600 shares of the company’s stock, valued at approximately C$29,040. This represents a ∞ increase in their position. Also, insider Sylvain Lehoux sold 5,899 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$44.89, for a total transaction of C$264,806.11. In the last ninety days, insiders have bought 47,286 shares of company stock valued at $2,088,345 and have sold 121,673 shares valued at $5,262,770. Company insiders own 0.58% of the company’s stock.

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.