BMO Capital Markets Boosts Eldorado Gold (TSE:ELD) Price Target to C$23.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target lifted by BMO Capital Markets from C$21.00 to C$23.00 in a research report released on Friday, BayStreet.CA reports.

A number of other research analysts also recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Eldorado Gold from C$19.00 to C$23.00 in a research report on Tuesday, April 23rd. National Bank Financial reaffirmed an outperform spec overweight rating on shares of Eldorado Gold in a research report on Monday, April 8th. Bank of America raised their target price on shares of Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. Stifel Canada downgraded shares of Eldorado Gold from a buy rating to a hold rating in a research report on Friday, January 26th. Finally, National Bankshares decreased their target price 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold currently has a consensus rating of Hold and an average price target of C$20.69.

Eldorado Gold Stock Up 0.2 %

Shares of ELD stock opened at C$20.81 on Friday. The firm has a fifty day moving average of C$18.20 and a 200-day moving average of C$16.80. The company has a quick ratio of 2.28, a current ratio of 3.39 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 has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data 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 during the quarter. As a group, equities research analysts predict that Eldorado Gold will post 0.9818008 earnings per share for the current fiscal year.

Insider Activity

In other news, Director George Raymond Burns sold 13,434 shares of Eldorado Gold 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 other news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$18.24, for a total transaction of C$166,531.20. Also, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. Insiders sold a total of 41,338 shares of company stock valued at $684,168 in the last quarter. 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.