Eldorado Gold Co. (TSE:ELD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$20.69.

Several research firms have recently issued reports on ELD. Cormark lowered their price target on Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th. Bank of America lifted their target price on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Stifel Nicolaus increased their price target on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. In related news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$16.62, for a total value of C$166,225.00. Also, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Insiders have sold a total of 48,880 shares of company stock worth $836,808 over the last quarter. Company insiders own 0.69% of the company’s stock.

Eldorado Gold Price Performance

Shares of TSE ELD opened at C$20.16 on Tuesday. The company has a 50 day simple moving average of C$18.69 and a two-hundred day simple moving average of C$17.02. Eldorado Gold has a fifty-two week low of C$11.38 and a fifty-two week high of C$22.01. The company has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 56.20 and a beta of 1.13. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data 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 return on equity of 3.15% and a net margin of 10.37%. The company had revenue of C$417.85 million during the quarter. Analysts expect that Eldorado Gold will post 0.9818008 EPS for the current fiscal year.

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.