Eldorado Gold Co. (TSE:ELD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$63.50.

A number of research analysts have recently commented on ELD shares. TD lowered their price objective on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th. National Bank Financial upped their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th.

Insider Buying and Selling at Eldorado Gold

In other news, Director Stephen David Walker acquired 600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of C$48.40 per share, with a total value of C$29,040.00. Following the acquisition, the director owned 600 shares in the company, valued at approximately C$29,040. This represents a ∞ increase in their ownership of the stock. Also, insider Per Niklas Frank sold 7,391 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$317,960.82. Following the completion of the transaction, the insider owned 16,777 shares in the company, valued at C$721,746.54. The trade was a 30.58% decrease in their ownership of the stock. In the last quarter, insiders purchased 47,356 shares of company stock worth $2,091,456 and sold 143,588 shares worth $6,212,553. 0.58% of the stock is currently owned by corporate insiders.

Eldorado Gold Trading Down 0.4%

Eldorado Gold stock opened at C$38.99 on Tuesday. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.27. The company has a market capitalization of C$10.16 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 56.20 and a beta of 1.41. Eldorado Gold has a one year low of C$27.53 and a one year high of C$69.46. The company’s fifty day moving average price is C$44.10 and its two-hundred day moving average price is C$49.88.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, April 30th. The company reported C$1.32 earnings per share for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The company had revenue of C$740.23 million for the quarter. On average, analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

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.