Eldorado Gold (TSE:ELD) Rating Increased to Strong-Buy at Scotiabank

Scotiabank upgraded shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on ELD. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. BMO Capital Markets increased their price target on Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$43.58.

Eldorado Gold Stock Performance

Shares of TSE ELD opened at C$66.12 on Monday. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The firm has a market cap of C$13.29 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 56.20 and a beta of 1.38. The stock’s fifty day moving average price is C$49.28 and its two-hundred day moving average price is C$40.05. Eldorado Gold has a one year low of C$18.94 and a one year high of C$69.46.

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

Insider Buying and Selling

In other Eldorado Gold news, insider Christian Milau bought 2,700 shares of the business’s stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the completion of the purchase, the insider directly owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This trade represents a 31.43% increase in their ownership of the stock. 0.58% of the stock is currently owned by corporate insiders.

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.