Eldorado Gold (TSE:ELD) Price Target Raised to C$69.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective upped by National Bank Financial from C$65.00 to C$69.00 in a report issued on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

ELD has been the subject of a number of other research reports. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. TD decreased 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. Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets set a C$82.00 price objective on shares of Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$63.38.

Eldorado Gold Trading Up 5.0%

TSE:ELD opened at C$52.83 on Wednesday. Eldorado Gold has a 52 week low of C$29.70 and a 52 week high of C$69.46. The company has a debt-to-equity ratio of 25.70, a quick ratio of 2.27 and a current ratio of 1.31. The firm’s fifty day moving average is C$44.37 and its 200-day moving average is C$49.21. The firm has a market cap of C$13.78 billion, a P/E ratio of 18.80, a P/E/G ratio of 56.20 and a beta of 1.43.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%.The business had revenue of C$692.57 million during the quarter. Equities analysts expect that Eldorado Gold will post 2.1505174 earnings per share for the current year.

Insider Transactions at Eldorado Gold

In related news, Director George Raymond Burns bought 21,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of C$47.34 per share, with a total value of C$994,140.00. Following the completion of the purchase, the director owned 517,356 shares of the company’s stock, valued at approximately C$24,491,633.04. The trade was a 4.23% increase in their position. Also, insider Mehmet Yilmaz sold 5,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$44.42, for a total value of C$222,100.00. Following the completion of the sale, the insider owned 27,543 shares in the company, valued at C$1,223,460.06. This represents a 15.36% decrease in their ownership of the stock. Over the last ninety days, insiders have purchased 23,116 shares of company stock worth $1,091,022 and have sold 21,915 shares worth $949,783. Company 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.