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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$22.54.

A number of research analysts have issued reports on ELD shares. Canaccord Genuity Group boosted their price target on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. National Bankshares lifted their price objective on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Finally, Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total transaction of C$136,611.54. In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. Insiders sold a total of 14,988 shares of company stock valued at $334,328 over the last quarter. 0.58% of the stock is owned by insiders.

Eldorado Gold Trading Up 1.2 %

Shares of Eldorado Gold stock opened at C$23.80 on Friday. The firm has a market capitalization of C$4.87 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 56.20 and a beta of 1.23. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The firm’s 50 day simple moving average is C$23.21 and its two-hundred day simple moving average is C$21.42. Eldorado Gold has a 12-month low of C$11.38 and a 12-month high of C$25.37.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.09. The company had revenue of C$406.56 million during the quarter. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. Analysts predict that Eldorado Gold will post 2.1566697 EPS for the current year.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.