Stifel Nicolaus Raises Eldorado Gold (TSE:ELD) Price Target to C$29.00

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO had its price target boosted by equities researchers at Stifel Nicolaus from C$25.00 to C$29.00 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus' target price indicates a potential upside of 10.06% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reduced their target price on shares of Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th. National Bankshares boosted their price objective on shares of Eldorado Gold from C$25.00 to C$29.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. Cormark lowered their target price on shares of Eldorado Gold from C$33.50 to C$30.00 in a report on Monday, February 10th. Finally, National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Eldorado Gold Stock Performance

Shares of TSE:ELD traded down C$0.55 during trading on Monday, reaching C$26.35. 24,688 shares of the stock were exchanged, compared to its average volume of 421,613. The firm has a market cap of C$3.80 billion, a PE ratio of 13.72, a PEG ratio of 56.20 and a beta of 1.22. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. Eldorado Gold has a 12 month low of C$18.94 and a 12 month high of C$28.50. The stock has a 50-day moving average price of C$23.08 and a 200-day moving average price of C$22.71.

Insiders Place Their Bets

In related news, Director George Raymond Burns sold 7,590 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$19.61, for a total transaction of C$148,853.56. Also, Senior Officer Mehmet Yilmaz sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$22.32, for a total transaction of C$111,600.00. Insiders sold 40,924 shares of company stock worth $811,687 over the last three months. Insiders own 0.58% of the company's stock.

Eldorado Gold Company Profile

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.