Eldorado Gold (TSE:ELD) Given New C$64.00 Price Target at ATB Cormark Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective hoisted by stock analysts at ATB Cormark Capital Markets from C$45.00 to C$64.00 in a report issued on Thursday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 8.13% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Canadian Imperial Bank of Commerce raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Canaccord Genuity Group raised their price target on Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday, August 13th. National Bank Financial boosted their price objective on Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Stifel Nicolaus raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Thursday, August 20th. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$59.38.

Eldorado Gold Trading Down 3.7%

ELD traded down C$2.30 during midday trading on Thursday, reaching C$59.19. 182,249 shares of the company were exchanged, compared to its average volume of 776,601. The stock has a market capitalization of C$15.44 billion, a P/E ratio of 21.06, a PEG ratio of 56.20 and a beta of 1.69. Eldorado Gold has a one year low of C$34.25 and a one year high of C$69.46. The stock’s 50-day simple moving average is C$51.46 and its 200 day simple moving average is C$48.97. The company has a debt-to-equity ratio of 25.70, a quick ratio of 2.27 and a current ratio of 1.31.

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

Insider Activity at Eldorado Gold

In related news, Director Seda Erdemir sold 1,239 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total transaction of C$74,798.43. Also, insider Per Niklas Frank sold 9,524 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total value of C$409,722.48. Following the transaction, the insider directly owned 16,777 shares of the company’s stock, valued at C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. Over the last 90 days, insiders acquired 75 shares of company stock valued at $3,347 and sold 23,154 shares valued at $1,024,582. 0.58% of the stock is owned by insiders.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).