Eldorado Gold (TSE:ELD) Price Target Raised to C$23.00

Eldorado Gold (TSE:ELD - Free Report) NYSE: EGO had its price target boosted by BMO Capital Markets from C$21.00 to C$23.00 in a report issued on Friday morning, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the company. Stifel Nicolaus lifted their price target on Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. National Bank Financial reaffirmed an outperform spec overweight rating on shares of Eldorado Gold in a report on Monday, April 8th. Cormark cut their price target on Eldorado Gold from C$26.00 to C$25.00 in a report on Monday, February 26th. National Bankshares cut their price target on Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating for the company in a report on Monday, February 26th. Finally, Stifel Canada cut Eldorado Gold from a buy rating to a hold rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of C$20.69.

Eldorado Gold Stock Performance

ELD stock traded up C$0.57 on Friday, reaching C$20.77. 594,947 shares of the company were exchanged, compared to its average volume of 398,856. Eldorado Gold has a 12 month low of C$11.38 and a 12 month high of C$22.01. The stock's fifty day moving average price is C$18.08 and its 200 day moving average price is C$16.69. The firm has a market capitalization of C$4.22 billion, a PE ratio of 28.45, a PEG ratio of 56.20 and a beta of 1.13. The company has a debt-to-equity ratio of 18.60, a current ratio of 3.39 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last announced its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) 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 business had revenue of C$417.85 million for the quarter. On average, research analysts anticipate that Eldorado Gold will post 0.9818008 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Sylvain Lehoux sold 5,433 shares of the stock in a transaction on 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 related news, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Sylvain Lehoux sold 5,433 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total value of C$95,498.01. Insiders have sold 41,338 shares of company stock worth $684,168 in the last 90 days. Company insiders own 0.69% of the company's stock.

Eldorado Gold Company Profile

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.