Eldorado Gold Co. (TSE:ELD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$22.54.

Several equities research analysts have recently commented on ELD shares. National Bankshares boosted their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Royal Bank of Canada upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$14.00 to C$20.00 in a research report on Wednesday, May 29th. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group increased their target price on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd.

Insider Activity at Eldorado Gold

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Christos Balaskas sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of C$20.40, for a total value of C$204,000.00. Insiders have sold a total of 21,642 shares of company stock worth $448,935 in the last three months. 0.58% of the stock is owned by company insiders.

Eldorado Gold Stock Down 3.0 %

Shares of TSE:ELD opened at C$21.47 on Monday. Eldorado Gold has a 52-week low of C$11.38 and a 52-week high of C$25.04. The firm has a market capitalization of C$4.40 billion, a P/E ratio of 18.04, a P/E/G ratio of 56.20 and a beta of 1.23. The stock has a 50 day moving average price of C$22.63 and a 200-day moving average price of C$20.48. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. The firm had revenue of C$406.56 million during the quarter. As a group, equities research analysts anticipate that Eldorado Gold will post 1.79 EPS for the current fiscal year.

About Eldorado Gold

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.