Eldorado Gold (TSE:ELD) Stock Price Expected to Rise, Bank of America Analyst Says

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective upped by research analysts at Bank of America from C$46.25 to C$52.00 in a report issued on Thursday,BayStreet.CA reports. Bank of America‘s target price points to a potential downside of 17.92% from the company’s current price.

ELD has been the subject of a number of other research reports. BMO Capital Markets lifted their target price on shares of Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Royal Bank Of Canada downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Stifel Nicolaus raised their target price on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Finally, ATB Cormark Capital Markets lowered their target price on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$61.57.

Eldorado Gold Trading Up 1.6%

TSE ELD opened at C$63.35 on Thursday. The firm has a market capitalization of C$12.74 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. The business’s 50-day moving average price is C$57.20 and its two-hundred day moving average price is C$45.13. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. Eldorado Gold has a 12 month low of C$19.21 and a 12 month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$3.29 EPS for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The company had revenue of C$767.52 million for the quarter. On average, analysts expect that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Transactions at Eldorado Gold

In other news, insider Christian Milau acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average price of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the acquisition, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. The trade was a 30.45% increase in their position. Insiders own 0.58% of the company’s stock.

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.