Eldorado Gold (TSE:ELD) Stock Rating Lowered by Canadian Imperial Bank of Commerce

Eldorado Gold (TSE:ELD) (NYSE:EGO) was downgraded by stock analysts at Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$47.00 to C$48.00 in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Stifel Nicolaus upped their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Canaccord Genuity Group downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$58.93.

Eldorado Gold Stock Performance

Shares of ELD stock opened at C$58.84 on Friday. 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 company’s fifty day moving average price is C$55.85 and its two-hundred day moving average price is C$44.09. The firm has a market capitalization of C$11.83 billion, a P/E ratio of 32.69, a P/E/G ratio of 56.20 and a beta of 1.44. Eldorado Gold has a 12 month low of C$18.94 and a 12 month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, February 19th. The company reported C$3.29 earnings per share for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The company had revenue of C$767.52 million during the quarter. On average, research analysts anticipate 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.