Analysts Set Eldorado Gold Co. (TSE:ELD) PT at C$63.50

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$63.50.

Several brokerages have recently issued reports on ELD. National Bank Financial lifted their target price on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. TD reduced their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets set a C$82.00 price objective on Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th.

Eldorado Gold Stock Down 0.1%

Shares of ELD opened at C$44.99 on Tuesday. The stock’s 50 day moving average is C$43.90 and its two-hundred day moving average is C$49.75. Eldorado Gold has a 12 month low of C$27.64 and a 12 month high of C$69.46. The firm has a market cap of C$11.72 billion, a P/E ratio of 16.07, a PEG ratio of 56.20 and a beta of 1.41. The company has a current ratio of 1.62, a quick ratio of 2.27 and a debt-to-equity ratio of 28.81.

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

Insiders Place Their Bets

In related news, insider Per Niklas Frank sold 9,524 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the completion of the sale, the insider directly owned 16,777 shares in the company, valued at approximately C$721,746.54. The trade was a 36.21% decrease in their ownership of the stock. Also, insider Sylvain Lehoux sold 10,247 shares of the 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$442,362.99. Following the completion of the transaction, the insider directly owned 2,146 shares of the company’s stock, valued at approximately C$92,642.82. This represents a 82.68% decrease in their ownership of the stock. Over the last 90 days, insiders have bought 47,356 shares of company stock valued at $2,091,456 and have sold 143,588 shares valued at $6,212,553. 0.58% of the stock is owned by insiders.

About Eldorado Gold

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.