Eldorado Gold (TSE:ELD) Given New C$19.50 Price Target at Stifel Nicolaus

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price hoisted by Stifel Nicolaus from C$17.25 to C$19.50 in a report published on Friday morning, BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. National Bank Financial restated an outperform spec overweight rating on shares of Eldorado Gold in a report on Monday, April 8th. Cormark decreased their target price on shares of Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th. Stifel Canada downgraded shares of Eldorado Gold from a buy rating to a hold rating in a research report on Friday, January 26th. National Bankshares decreased their price objective on shares of Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating for the company in a research report on Monday, February 26th. Finally, Bank of America upped their price objective on shares of Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold currently has an average rating of Hold and an average target price of C$19.11.

Eldorado Gold Trading Up 0.8 %

TSE ELD opened at C$20.68 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.28 and a debt-to-equity ratio of 18.60. Eldorado Gold has a 12 month low of C$11.38 and a 12 month high of C$22.01. The company’s 50-day moving average price is C$17.58 and its 200-day moving average price is C$16.41. The stock has a market cap of C$4.20 billion, a PE ratio of 28.33, a PEG ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities research analysts forecast that Eldorado Gold will post 0.9818008 earnings per share for the current year.

Insider Activity at Eldorado Gold

In related news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total transaction of C$34,675.00. In related news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total transaction of C$34,675.00. Also, Director George Raymond Burns sold 13,434 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. In the last quarter, insiders sold 41,338 shares of company stock valued at $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.