Eldorado Gold Co. (TSE:ELD) Stock Has Average Target Price of C$60.50 According to Analysts

Key Points

• Analysts maintain a “Buy” consensus on Eldorado Gold, with five buy, three strong-buy, and three hold ratings among 11 firms. The average 12-month price target is C$60.50.
• Several analysts recently upgraded the stock or raised their targets, including Bank of America, CIBC, Jefferies, National Bank Financial, and ATB Cormark.
• Eldorado Gold reported quarterly EPS of C$0.70 on revenue of C$728.69 million, while the stock recently opened at C$48.24 and has traded between C$34.50 and C$69.46 over the past year.

Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO has received a consensus recommendation of "Buy" from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$60.50.

Several research analysts have weighed in on the company. Canadian Imperial Bank of Commerce raised Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 9th. Bank of America raised shares of Eldorado Gold from an "underperform" rating to a "buy" rating and lifted their price objective for the company from C$32.00 to C$54.00 in a research note on Tuesday, September 22nd. Jefferies Financial Group upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Thursday, August 20th. National Bank Financial increased their target price on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Finally, ATB Cormark Capital Markets increased their target price on shares of Eldorado Gold from C$45.00 to C$64.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 10th.

Insider Activity

In other news, Director Seda Erdemir sold 1,239 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total transaction of C$74,798.43. Company insiders own 0.58% of the company's stock.

Eldorado Gold Stock Performance

ELD opened at C$48.24 on Thursday. The business's 50 day moving average is C$56.34 and its 200-day moving average is C$51.30. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. The stock has a market cap of C$12.58 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 56.20 and a beta of 1.68. Eldorado Gold has a twelve month low of C$34.50 and a twelve month high of C$69.46.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last released its quarterly earnings results on Wednesday, October 28th. The company reported C$0.70 earnings per share (EPS) for the quarter. The company had revenue of C$728.69 million during the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. On average, analysts predict that Eldorado Gold will post 2.15 earnings per share for the current year.

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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