Eldorado Gold (TSE:ELD) Given New C$74.00 Price Target at BMO Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target increased by analysts at BMO Capital Markets from C$59.00 to C$74.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 16.87% from the stock’s previous close.

Separately, Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$43.58.

Eldorado Gold Trading Up 2.1%

TSE ELD traded up C$1.28 on Thursday, reaching C$63.32. The company had a trading volume of 270,510 shares, compared to its average volume of 481,160. Eldorado Gold has a 52 week low of C$18.94 and a 52 week high of C$64.05. The stock’s 50 day moving average is C$47.79 and its 200-day moving average is C$39.20. 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 stock has a market cap of C$12.73 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 56.20 and a beta of 1.38.

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

Insider Buying and Selling at Eldorado Gold

In related news, insider Christian Milau acquired 2,700 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. The trade was a 31.43% increase in their ownership of the stock. 0.58% of the stock is owned by company insiders.

Eldorado Gold Company Profile

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.