Eldorado Gold (TSE:ELD) Stock Rating Reaffirmed by National Bank Financial

Eldorado Gold (TSE:ELD) (NYSE:EGO)‘s stock had its “outperform spec overweight” rating reissued by investment analysts at National Bank Financial in a research note issued to investors on Monday.

A number of other research analysts have also commented on ELD. Stifel Nicolaus lowered Eldorado Gold from a “buy” rating to a “hold” rating and increased their price objective for the company from C$15.50 to C$17.25 in a research report on Friday, January 26th. BMO Capital Markets raised their price target on Eldorado Gold from C$17.00 to C$18.00 in a research report on Wednesday, December 13th. Bank of America lifted their target price on Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday. Cormark dropped their price target on Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. Finally, Stifel Canada downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$18.79.

Eldorado Gold Stock Performance

TSE:ELD opened at C$21.33 on Monday. The firm’s 50-day moving average is C$17.07 and its 200-day moving average is C$16.05. Eldorado Gold has a 52-week low of C$11.38 and a 52-week high of C$21.39. 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 has a market cap of C$4.33 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 56.20 and a beta of 1.13.

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

Insider Transactions at Eldorado Gold

In related news, 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. In other news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 10,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$16.62, for a total transaction of C$166,225.00. Over the last ninety days, insiders sold 41,338 shares of company stock worth $684,168. Corporate insiders own 0.69% 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.