Eldorado Gold (TSE:ELD) PT Raised to C$28.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target upped by equities researchers at Stifel Nicolaus from C$25.00 to C$28.00 in a research note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 8.74% from the stock’s current price.

Several other equities analysts have also issued reports on ELD. Canaccord Genuity Group lifted their price target on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. National Bankshares boosted their price target on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Finally, Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$23.76.

Eldorado Gold Stock Up 0.2 %

TSE ELD traded up C$0.04 during trading hours on Monday, hitting C$25.75. 152,246 shares of the company traded hands, compared to its average volume of 359,706. The business’s 50-day moving average is C$23.50 and its 200-day moving average is C$21.96. Eldorado Gold has a twelve month low of C$13.10 and a twelve month high of C$26.32. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The stock has a market capitalization of C$5.27 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 56.20 and a beta of 1.22.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.09. The company had revenue of C$406.56 million during the quarter. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. Sell-side analysts anticipate that Eldorado Gold will post 2.1505174 earnings per share for the current year.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. Also, Senior Officer Ryan Swedburg sold 3,553 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total value of C$83,234.71. Insiders sold a total of 14,988 shares of company stock valued at $334,328 in the last 90 days. Corporate insiders own 0.58% of the company’s stock.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.