Eldorado Gold Co. (TSE:ELD) Receives Average Rating of "Moderate Buy" from Brokerages

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO has been assigned an average recommendation of "Moderate Buy" from the five analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$23.76.

Several equities research analysts have recently commented on the company. Canaccord Genuity Group boosted their price objective on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. National Bankshares boosted their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Finally, Stifel Nicolaus raised their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday, October 21st.

Eldorado Gold Trading Down 0.5 %

Shares of Eldorado Gold stock traded down C$0.10 on Friday, hitting C$21.41. 281,000 shares of the company's stock traded hands, compared to its average volume of 365,603. The company has a market capitalization of C$4.38 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a fifty day moving average of C$23.52 and a two-hundred day moving average of C$22.38. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32.

Insider Activity at Eldorado Gold

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. In the last ninety days, insiders have sold 12,991 shares of company stock worth $298,569. 0.58% of the stock is owned by corporate insiders.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.