Eldorado Gold Co. (TSE:ELD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$63.50.

A number of equities analysts have recently issued reports on ELD shares. National Bank Financial upped their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. TD reduced their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. Bank of America upped their price target on Eldorado Gold from C$46.25 to C$52.00 in a research report on Thursday, February 26th. Finally, BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the stock an “outperform” rating in a research report on Wednesday, April 15th.

Insider Buying and Selling at Eldorado Gold

In other news, insider Sylvain Lehoux sold 10,247 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total transaction of C$442,362.99. Following the transaction, the insider directly owned 2,146 shares of the company’s stock, valued at approximately C$92,642.82. This represents a 82.68% decrease in their ownership of the stock. Also, insider Christian Milau purchased 12,400 shares of Eldorado Gold stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of C$40.17 per share, for a total transaction of C$498,108.00. Following the completion of the transaction, the insider owned 43,273 shares of the company’s stock, valued at approximately C$1,738,276.41. This represents a 40.16% increase in their position. In the last 90 days, insiders acquired 47,286 shares of company stock valued at $2,088,345 and sold 121,673 shares valued at $5,262,770. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of TSE:ELD opened at C$43.21 on Friday. The company has a market capitalization of C$11.26 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 56.20 and a beta of 1.37. Eldorado Gold has a 52 week low of C$26.74 and a 52 week high of C$69.46. The company has a quick ratio of 2.28, a current ratio of 1.62 and a debt-to-equity ratio of 28.81. The firm has a 50 day moving average of C$44.40 and a 200 day moving average of C$50.47.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$1.32 EPS for the quarter. The company had revenue of C$740.23 million during the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. On average, sell-side analysts predict that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

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.