BMO Capital Markets Issues Positive Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price increased by analysts at BMO Capital Markets from C$50.00 to C$53.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 22.54% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Bank of America lifted their target price on shares of Eldorado Gold from C$28.50 to C$33.50 in a research note on Friday, August 29th. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and boosted their target price for the company from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. Finally, National Bankshares increased their target price on Eldorado Gold from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$40.08.

Eldorado Gold Stock Performance

ELD traded up C$0.14 during trading on Thursday, hitting C$43.25. 28,886 shares of the company traded hands, compared to its average volume of 421,636. Eldorado Gold has a one year low of C$18.94 and a one year high of C$43.41. The stock’s fifty day moving average is C$38.81 and its 200 day moving average is C$33.01. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The firm has a market cap of C$8.70 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 56.20 and a beta of 1.33.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, October 30th. The company reported C$0.27 EPS for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The firm had revenue of C$605.32 million for the quarter. As a group, equities analysts predict that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

In other news, insider Lynette Gould sold 5,170 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of C$34.94, for a total transaction of C$180,656.34. Following the sale, the insider directly owned 2,635 shares in the company, valued at approximately C$92,075.33. This represents a 66.24% decrease in their position. Also, insider Christian Milau purchased 2,700 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the transaction, the insider owned 11,290 shares of the company’s stock, valued at C$417,617.10. This represents a 31.43% increase in their position. 0.58% of the stock is owned by company insiders.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.