Eldorado Gold (TSE:ELD) Given New C$29.00 Price Target at BMO Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective reduced by stock analysts at BMO Capital Markets from C$31.00 to C$29.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 28.95% from the company’s previous close.

ELD has been the topic of a number of other reports. National Bankshares dropped their target price on shares of Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Stifel Nicolaus cut their price objective on Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th.

Eldorado Gold Trading Up 3.4 %

TSE ELD traded up C$0.73 during trading hours on Thursday, hitting C$22.49. 182,027 shares of the company’s stock were exchanged, compared to its average volume of 347,523. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. Eldorado Gold has a 1-year low of C$13.10 and a 1-year high of C$26.32. The stock has a 50-day simple moving average of C$22.22 and a 200 day simple moving average of C$22.91. The firm has a market cap of C$4.61 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 56.20 and a beta of 1.22.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, October 31st. The company reported C$0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.46 by C$0.01. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, equities analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

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.