Bank of America Boosts Eldorado Gold (TSE:ELD) Price Target to C$16.80

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target hoisted by equities researchers at Bank of America from C$13.40 to C$16.80 in a note issued to investors on Tuesday, BayStreet.CA reports. Bank of America‘s price objective would indicate a potential downside of 20.64% from the stock’s current price.

Several other analysts have also recently commented on ELD. BMO Capital Markets raised their target price on Eldorado Gold from C$17.00 to C$18.00 in a research report on Wednesday, December 13th. Cormark decreased their price target on Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. National Bankshares decreased their price target on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Stifel Nicolaus lowered Eldorado Gold from a “buy” rating to a “hold” rating and increased their price target for the company from C$15.50 to C$17.25 in a research note on Friday, January 26th. Finally, Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$18.79.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded up C$0.67 on Tuesday, reaching C$21.17. 266,821 shares of the company were exchanged, compared to its average volume of 402,433. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. The company’s 50-day moving average is C$16.80 and its two-hundred day moving average is C$15.92. The firm has a market cap of C$4.30 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 56.20 and a beta of 1.13. Eldorado Gold has a 1-year low of C$11.38 and a 1-year high of C$21.19.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, February 22nd. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.05. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. The firm had revenue of C$417.85 million for the quarter. As a group, research analysts expect that Eldorado Gold will post 0.9818008 earnings per share for the current fiscal year.

Insider Transactions at Eldorado Gold

In other news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. In other news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total value of C$34,675.00. Also, Director George Raymond Burns sold 13,434 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. Insiders sold a total of 41,338 shares of company stock valued at $684,168 in the last three months. 0.69% of the stock is currently owned by corporate insiders.

Eldorado Gold Company Profile

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.