Brokerages Set Eldorado Gold Co. (TSE:ELD) Price Target at C$23.76

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO have earned an average rating of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$23.76.

A number of research firms recently weighed in on ELD. Canaccord Genuity Group increased their price objective on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Stifel Nicolaus raised their price objective on Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday. Cibc World Mkts raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Wednesday, July 10th. Finally, National Bankshares upped their price objective on shares of Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th.

Eldorado Gold Trading Up 0.6 %

Eldorado Gold stock traded up C$0.16 during trading hours on Tuesday, hitting C$25.79. The stock had a trading volume of 307,808 shares, compared to its average volume of 359,890. The business's 50 day simple moving average is C$23.58 and its 200-day simple moving average is C$22.02. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32. The stock has a market cap of C$5.28 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 56.20 and a beta of 1.22. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85.

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

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In related news, Senior Officer Ryan Swedburg sold 3,553 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the business's 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. Insiders sold a total of 14,988 shares of company stock valued at $334,328 in the last quarter. 0.58% of the stock is currently owned by company 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.