Eldorado Gold (TSE:ELD) Rating Lowered to “Hold” at ATB Cormark Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) was downgraded by equities researchers at ATB Cormark Capital Markets from a “moderate buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets set a C$82.00 target price on shares of Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Stifel Nicolaus increased their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Canaccord Genuity Group cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Bank of America increased their target price on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$63.50.

Eldorado Gold Stock Down 3.4%

TSE ELD opened at C$39.15 on Monday. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62. The firm has a 50-day simple moving average of C$50.26 and a 200 day simple moving average of C$49.06. Eldorado Gold has a twelve month low of C$23.99 and a twelve month high of C$69.46. The stock has a market cap of C$10.20 billion, a PE ratio of 13.98, a PEG ratio of 56.20 and a beta of 1.67.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The business had revenue of C$740.23 million during the quarter. On average, research analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau purchased 3,500 shares of the business’s stock in a transaction on 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 purchase, the insider directly owned 14,994 shares in the company, valued at approximately C$878,498.46. This trade represents a 30.45% increase in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,492 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the transaction, the insider owned 8,427 shares of the company’s stock, valued at approximately C$431,630.94. This represents a 39.46% decrease 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.