Eldorado Gold Co. (TSE:ELD) Stock Rated “Moderate Buy” by Wall Street Brokerages

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$58.75.

ELD has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating and cut their target price for the company from C$57.00 to C$47.00 in a research report on Friday, October 30th. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Bank of America raised shares of Eldorado Gold from an “underperform” rating to a “buy” rating and boosted their target price for the company from C$32.00 to C$54.00 in a report on Tuesday, September 22nd. ATB Cormark Capital Markets cut their price objective on shares of Eldorado Gold from C$64.00 to C$61.00 and set a “sector perform” rating for the company in a research report on Friday, October 30th. Finally, Stifel Nicolaus boosted 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.

Insider Activity

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 shares were sold at an average price of C$60.37, for a total transaction of C$74,798.43. Insiders own 0.58% of the company’s stock.

Eldorado Gold Trading Up 5.3%

ELD opened at C$46.72 on Thursday. The firm’s fifty day simple moving average is C$54.61 and its 200 day simple moving average is C$51.03. The stock has a market capitalization of C$12.20 billion, a P/E ratio of 15.78, a P/E/G ratio of 56.20 and a beta of 1.68. The company has a current ratio of 1.42, a quick ratio of 2.27 and a debt-to-equity ratio of 28.90. Eldorado Gold has a 12 month low of C$35.75 and a 12 month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Wednesday, October 28th. The company reported C$0.70 earnings per share for the quarter. Eldorado Gold had a net margin of 31.67% and a return on equity of 11.96%. The business had revenue of C$728.69 million during the quarter. As a group, research analysts anticipate that Eldorado Gold will post 2.15 EPS for the current fiscal year.

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).