Eldorado Gold (TSE:ELD) Price Target Raised to C$74.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target boosted by BMO Capital Markets from C$59.00 to C$74.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Separately, Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating and upped their price target for the company from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$43.58.

Eldorado Gold Stock Performance

Shares of ELD stock opened at C$63.30 on Thursday. The stock has a market capitalization of C$12.73 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 56.20 and a beta of 1.38. Eldorado Gold has a one year low of C$18.94 and a one year high of C$64.05. The company’s 50-day simple moving average is C$48.73 and its 200-day simple moving average is C$39.69. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The firm had revenue of C$605.32 million during the quarter. Equities analysts anticipate that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

In related news, insider Christian Milau purchased 2,700 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the acquisition, the insider owned 11,290 shares in the company, valued at approximately C$417,617.10. This trade represents a 31.43% increase in their position. Insiders own 0.58% of the company’s stock.

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.