Eldorado Gold (TSE:ELD) Stock Gets Price Target Reduction from ATB Cormark Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price reduced by equities researchers at ATB Cormark Capital Markets from C$64.00 to C$61.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets‘s price objective would indicate a potential upside of 44.21% from the company’s previous close.

Several other analysts also recently weighed in on ELD. Jefferies Financial Group upgraded Eldorado Gold to a “strong-buy” rating in a research note on Thursday, August 20th. Bank of America raised Eldorado Gold from an “underperform” rating to a “buy” rating and increased their price target for the company from C$32.00 to C$54.00 in a report on Tuesday, September 22nd. Stifel Nicolaus lifted their price objective on Eldorado Gold from C$65.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. National Bank Financial upped their target price 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. Finally, Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 9th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and an average price target of C$58.88.

Eldorado Gold Stock Down 6.5%

Eldorado Gold stock traded down C$2.94 during trading on Friday, reaching C$42.30. 765,186 shares of the company’s stock were exchanged, compared to its average volume of 792,970. Eldorado Gold has a 52-week low of C$34.50 and a 52-week high of C$69.46. The firm has a market cap of C$11.03 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 56.20 and a beta of 1.68. 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 company’s 50-day moving average is C$56.09 and its two-hundred day moving average is C$51.26.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Wednesday, October 28th. The company reported C$0.70 earnings per share (EPS) for the quarter. The business had revenue of C$728.69 million during the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. On average, analysts predict that Eldorado Gold will post 2.15 earnings per share for the current year.

Insider Activity at Eldorado Gold

In other news, Director Seda Erdemir sold 1,239 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43. Insiders own 0.58% of the company’s stock.

About Eldorado Gold

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).