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

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$23.76.

ELD has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Eldorado Gold from C$25.00 to C$28.00 in a report on Monday, October 21st. National Bankshares raised their price objective on shares of Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Finally, Canaccord Genuity Group upped their target price on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd.

Eldorado Gold Stock Down 0.5 %

Shares of ELD opened at C$21.41 on Friday. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The business has a fifty day moving average of C$23.52 and a 200 day moving average of C$22.36. The company has a market cap of C$4.38 billion, a PE ratio of 17.84, a P/E/G ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 52-week low of C$13.10 and a 52-week high of C$26.32.

Insiders Place Their Bets

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold 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 Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction on 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 have sold 12,991 shares of company stock worth $298,569 in the last three months. Corporate insiders own 0.58% of the company’s stock.

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.