Stifel Nicolaus Issues Positive Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO had its target price hoisted by research analysts at Stifel Nicolaus from C$25.00 to C$29.00 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus' target price would indicate a potential upside of 9.89% from the company's current price.

A number of other brokerages have also recently weighed in on ELD. Cormark dropped their price objective on shares of Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th. National Bankshares boosted their price target on Eldorado Gold from C$25.00 to C$29.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets cut their target price on shares of Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday, February 7th.

Eldorado Gold Price Performance

Shares of TSE ELD traded down C$0.51 during midday trading on Monday, hitting C$26.39. The company had a trading volume of 177,586 shares, compared to its average volume of 423,628. The firm has a market capitalization of C$3.81 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$28.50. The business has a 50-day simple moving average of C$23.19 and a two-hundred day simple moving average of C$22.73. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Graham Magnus Morrison sold 11,375 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of C$19.99, for a total transaction of C$227,386.25. Also, Senior Officer Joseph Dennis Dick sold 9,275 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total transaction of C$187,540.50. Insiders have sold 40,924 shares of company stock worth $811,687 in the last three months. 0.58% of the stock is owned by insiders.

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.