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

Key Points

• Analyst consensus: Six analysts rate Eldorado Gold an average of "Moderate Buy" (3 holds, 2 buys, 1 strong buy) with a 12‑month average price target of C$61.57.
• Insider activity: Christian Milau bought 3,500 shares at C$58.59 (increasing his stake ~30.45%) while Christine Tamiko Ohta sold 5,492 shares (reducing her stake ~39.46%); corporate insiders own 0.58% of the stock.

Shares of Eldorado Gold Co. (TSE:ELD - Get Free Report) NYSE: EGO have been given an average rating of "Moderate Buy" by the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$61.57.

ELD has been the topic of several recent analyst reports. Royal Bank Of Canada lowered shares of Eldorado Gold from a "moderate buy" rating to a "hold" rating and upped their target price for the stock from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Scotiabank upgraded shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. BMO Capital Markets upped their price target on shares of Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Stifel Nicolaus upped their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, ATB Cormark Capital Markets reduced their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an "outperform" rating on the stock in a report on Tuesday, February 3rd.

Insider Activity

In other Eldorado Gold news, insider Christian Milau purchased 3,500 shares of Eldorado Gold stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the completion of the acquisition, the insider directly owned 14,994 shares of the company's stock, valued at approximately C$878,498.46. This trade represents a 30.45% increase in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,492 shares of the company's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the completion of the sale, the insider directly owned 8,427 shares in the company, valued at C$431,630.94. This trade represents a 39.46% decrease in their position. 0.58% of the stock is owned by corporate insiders.

Eldorado Gold Trading Up 2.4%

Shares of ELD opened at C$50.45 on Friday. The company has a current ratio of 1.83, a quick ratio of 2.28 and a debt-to-equity ratio of 30.34. The firm's 50-day moving average is C$54.18 and its two-hundred day moving average is C$48.50. Eldorado Gold has a twelve month low of C$23.99 and a twelve month high of C$69.46. The firm has a market capitalization of C$10.00 billion, a P/E ratio of 20.43, a PEG ratio of 56.20 and a beta of 1.67.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share for the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. The company had revenue of C$767.52 million for the quarter. On average, research analysts predict that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.

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