Eldorado Gold (TSE:ELD) Stock Gets Price Target Trim from National Bank Financial

Key Points

• National Bank Financial lowered Eldorado Gold’s price target from C$74 to C$68 while maintaining an “outperform” rating, implying approximately 49.45% upside from the prior close.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average target price of C$58.75, despite mixed recent rating and target revisions.
• Eldorado Gold shares rose 6.5% to C$45.50 in Monday trading. The company recently reported quarterly EPS of C$0.70 on revenue of C$728.69 million.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO had its price objective dropped by stock analysts at National Bank Financial from C$74.00 to C$68.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 49.45% from the company's previous close.

ELD has been the subject of several other research reports. Stifel Nicolaus increased their price target on shares of Eldorado Gold from C$65.00 to C$70.00 and gave the company a "buy" rating in a research note on Thursday, September 17th. Canaccord Genuity Group lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating and reduced their price target for the company from C$57.00 to C$47.00 in a research report on Friday. Bank of America upgraded Eldorado Gold from an "underperform" rating to a "buy" rating and increased their price objective for the stock from C$32.00 to C$54.00 in a research report on Tuesday, September 22nd. Canadian Imperial Bank of Commerce raised Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 9th. Finally, Jefferies Financial Group upgraded Eldorado Gold to a "strong-buy" rating in a research report on Thursday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of C$58.75.

Eldorado Gold Stock Up 6.5%

TSE:ELD traded up C$2.79 during midday trading on Monday, reaching C$45.50. 887,922 shares of the stock traded hands, compared to its average volume of 794,668. The stock has a market capitalization of C$11.88 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 56.20 and a beta of 1.68. Eldorado Gold has a 12-month low of C$34.71 and a 12-month high of C$69.46. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.27 and a current ratio of 1.42. The business has a 50-day moving average of C$55.77 and a two-hundred day moving average of C$51.20.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$0.70 EPS for the quarter. The firm had revenue of C$728.69 million for the quarter. Eldorado Gold had a return on equity of 11.96% and a net margin of 31.67%. On average, equities analysts forecast that Eldorado Gold will post 2.15 earnings per share for the current fiscal year.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43. 0.58% of the stock is currently owned by insiders.

Eldorado Gold Company Profile

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.

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