Eldorado Gold Co. (TSE:ELD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Eldorado Gold, with four buy, three strong-buy and four hold ratings. The average 12-month price target is C$61.25, while several firms recently raised their targets.
• Eldorado Gold shares opened at C$54.33, with a C$14.17 billion market capitalization and a 52-week trading range of C$34.25 to C$69.46.
• The company reported quarterly earnings of C$0.77 per share on revenue of C$692.57 million, alongside a 29.89% net margin and 12.38% return on equity.

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO have been assigned an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$61.25.

ELD has been the topic of a number of research analyst reports. National Bank Financial upped their target price on Eldorado Gold from C$65.00 to C$69.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Stifel Nicolaus raised their price target on Eldorado Gold from C$65.00 to C$70.00 and gave the company a "buy" rating in a research report on Thursday, September 17th. Bank of America upgraded Eldorado Gold from an "underperform" rating to a "buy" rating and boosted their target price for the stock from C$32.00 to C$54.00 in a research report on Tuesday, September 22nd. ATB Cormark Capital Markets boosted their price objective on shares of Eldorado Gold from C$45.00 to C$64.00 and gave the stock a "sector perform" rating in a report on Thursday, September 10th. Finally, Canaccord Genuity Group increased their target price on shares of Eldorado Gold from C$55.00 to C$63.00 in a report on Tuesday, September 22nd.

Eldorado Gold Trading Up 1.6%

ELD opened at C$54.33 on Friday. The firm has a market capitalization of C$14.17 billion, a PE ratio of 19.33, a P/E/G ratio of 56.20 and a beta of 1.69. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27. Eldorado Gold has a fifty-two week low of C$34.25 and a fifty-two week high of C$69.46. The company's 50-day moving average is C$56.41 and its 200 day moving average is C$49.05.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last announced its earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share for the quarter. The firm had revenue of C$692.57 million for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. As a group, research analysts predict that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of the company'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 transaction of C$74,798.43. 0.58% of the stock is owned by insiders.

About Eldorado Gold

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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