Eldorado Gold (TSE:ELD) Rating Lowered to Hold at Canaccord Genuity Group

Eldorado Gold (TSE:ELD) (NYSE:EGO) was downgraded by Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

ELD has been the topic of a number of other reports. BMO Capital Markets boosted their target price on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Royal Bank Of Canada lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$47.00 to C$48.00 in a research report on Tuesday. Stifel Nicolaus lifted their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, ATB Cormark Capital Markets decreased their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Eldorado Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$58.93.

Eldorado Gold Trading Down 9.7%

Shares of TSE:ELD opened at C$58.84 on Friday. Eldorado Gold has a 52-week low of C$18.94 and a 52-week high of C$69.46. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The company has a market capitalization of C$11.83 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. The company has a 50-day simple moving average of C$55.85 and a 200 day simple moving average of C$44.09.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$3.29 earnings per share 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$767.52 million for the quarter. Sell-side analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current year.

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.