Eldorado Gold (TSE:ELD) Price Target Raised to C$41.00

Key Points

• Investment analysts at National Bankshares have raised the price target for Eldorado Gold from C$38.00 to C$41.00, indicating a potential upside of 28.69% from the current stock price.
• Stifel Nicolaus also increased their price target for Eldorado Gold from C$25.00 to C$29.00 in a separate report.
• Insider selling activity has been noted, with a total of 184,964 shares sold in the last ninety days, representing a significant transaction value of approximately $5.36 million.

Eldorado Gold (TSE:ELD - Free Report) NYSE: EGO had its price target lifted by National Bankshares from C$38.00 to C$41.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Stifel Nicolaus raised their price target on Eldorado Gold from C$25.00 to C$29.00 in a research report on Monday, April 21st.

Eldorado Gold Price Performance

ELD traded down C$0.25 on Wednesday, hitting C$31.49. 167,997 shares of the company were exchanged, compared to its average volume of 399,173. Eldorado Gold has a fifty-two week low of C$18.94 and a fifty-two week high of C$32.40. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The firm has a market capitalization of C$4.54 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The business's fifty day moving average is C$28.51 and its 200 day moving average is C$25.28.

Insider Activity

In other news, Senior Officer Per Niklas Frank sold 11,107 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$27.91, for a total transaction of C$309,996.37. Also, Director George Raymond Burns sold 70,592 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$29.30, for a total transaction of C$2,068,430.31. Insiders sold a total of 182,964 shares of company stock valued at $5,310,299 in the last three months. Company insiders own 0.58% of the company's stock.

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.