Stifel Nicolaus Lowers Eldorado Gold (TSE:ELD) Price Target to C$27.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective lowered by analysts at Stifel Nicolaus from C$28.00 to C$27.00 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 22.28% from the company’s current price.

Separately, National Bankshares lifted their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and an average price target of C$23.61.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at C$22.08 on Monday. Eldorado Gold has a fifty-two week low of C$13.10 and a fifty-two week high of C$26.32. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The firm has a market capitalization of C$4.52 billion, a P/E ratio of 18.40, a P/E/G ratio of 56.20 and a beta of 1.22. The company’s 50 day moving average price is C$23.61 and its two-hundred day moving average price is C$22.49.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of Eldorado Gold stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. Also, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total transaction of C$83,234.71. Over the last 90 days, insiders have sold 10,564 shares of company stock worth $239,995. Company insiders own 0.58% of the company’s stock.

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.