Eldorado Gold (TSE:ELD) PT Raised to C$23.00 at Canaccord Genuity Group

Eldorado Gold (TSE:ELD - Free Report) NYSE: EGO had its price target hoisted by Canaccord Genuity Group from C$19.00 to C$23.00 in a research report released on Tuesday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on the stock. National Bank Financial reissued an outperform spec overweight rating on shares of Eldorado Gold in a report on Monday, April 8th. National Bankshares dropped their price objective on shares of Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating on the stock in a research note on Monday, February 26th. Cormark dropped their price objective on shares of Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. Stifel Nicolaus boosted their price objective on shares of Eldorado Gold from C$17.25 to C$19.50 in a research note on Friday. Finally, Stifel Canada cut shares of Eldorado Gold from a buy rating to a hold rating in a research note on Friday, January 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of C$19.97.

Eldorado Gold Stock Up 0.7 %

ELD stock traded up C$0.13 during midday trading on Tuesday, reaching C$19.72. 268,033 shares of the company were exchanged, compared to its average volume of 401,268. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. Eldorado Gold has a 1-year low of C$11.38 and a 1-year high of C$22.01. The stock's 50-day simple moving average is C$17.76 and its 200 day simple moving average is C$16.58. The company has a market cap of C$4.01 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 earnings per share for the quarter, topping analysts' consensus estimates of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The company had revenue of C$417.85 million for the quarter. On average, equities analysts forecast that Eldorado Gold will post 0.9818008 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director George Raymond Burns sold 13,434 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. In related news, Director George Raymond Burns sold 13,434 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. Also, Senior Officer Sylvain Lehoux sold 5,433 shares of the business's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$17.58, for a total transaction of C$95,498.01. In the last ninety days, insiders have sold 41,338 shares of company stock worth $684,168. Corporate insiders own 0.69% of the company's stock.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.