Eldorado Gold - ELD Stock Forecast, Price & News

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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1992 and is headquartered in Vancouver, Canada.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ELD. BMO Capital Markets reaffirmed a "buy" rating and issued a C$18.00 price objective on shares of Eldorado Gold in a research report on Thursday, July 14th. National Bankshares lifted their price target on Eldorado Gold from C$15.00 to C$15.50 and gave the company an "outperform" rating in a research note on Tuesday, August 2nd. Canaccord Genuity Group lifted their price target on Eldorado Gold from C$13.00 to C$17.00 in a research note on Friday, April 22nd. Cormark reduced their price objective on Eldorado Gold from C$13.50 to C$12.00 in a research report on Tuesday, August 2nd. Finally, TD Securities reduced their price objective on Eldorado Gold from C$13.50 to C$12.00 and set a "hold" rating on the stock in a research report on Monday, May 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$13.70.

Eldorado Gold Trading Up 3.5 %

Shares of TSE:ELD traded up C$0.28 during trading hours on Friday, hitting C$8.36. The company's stock had a trading volume of 445,729 shares, compared to its average volume of 466,601. The company has a debt-to-equity ratio of 15.96, a quick ratio of 2.31 and a current ratio of 3.47. The stock has a market cap of C$1.54 billion and a price-to-earnings ratio of -2.52. Eldorado Gold has a 12 month low of C$6.96 and a 12 month high of C$15.73. The business has a 50-day simple moving average of C$8.36 and a 200-day simple moving average of C$11.35.

Eldorado Gold (TSE:ELD - Get Rating) (NYSE:EGO) last issued its quarterly earnings data on Thursday, July 28th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The business had revenue of C$272.44 million for the quarter. On average, analysts anticipate that Eldorado Gold will post 0.87 earnings per share for the current fiscal year.