Eldorado Gold (TSE:ELD) Given New C$28.00 Price Target at Stifel Nicolaus

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO had its price objective hoisted by research analysts at Stifel Nicolaus from C$25.00 to C$28.00 in a research note issued on Monday, BayStreet.CA reports. Stifel Nicolaus' target price would suggest a potential upside of 9.25% from the company's current price.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group raised their price objective on Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. National Bankshares raised their price target on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Finally, Cibc World Mkts upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Eldorado Gold currently has an average rating of "Moderate Buy" and a consensus price target of C$23.76.

Eldorado Gold Stock Down 0.3 %

Shares of ELD traded down C$0.08 during trading hours on Monday, hitting C$25.63. The company had a trading volume of 240,781 shares, compared to its average volume of 360,147. The company's fifty day moving average price is C$23.50 and its two-hundred day moving average price is C$21.98. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The company has a market capitalization of C$5.25 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The firm had revenue of C$406.56 million for the quarter. As a group, equities analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. In other news, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total transaction of C$83,234.71. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total transaction of C$136,611.54. Insiders sold 14,988 shares of company stock valued at $334,328 over the last quarter. 0.58% of the stock is currently owned by company insiders.

Eldorado Gold Company Profile

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.