Shares of Eldorado Gold Co. (TSE:ELD – Get Rating) (NYSE:EGO) have earned an average rating of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$15.25.
Several brokerages have weighed in on ELD. BMO Capital Markets reissued a “buy” rating and set a C$20.00 price objective on shares of Eldorado Gold in a report on Monday, February 28th. Cormark increased their price objective on Eldorado Gold from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Monday, February 28th. TD Securities lowered their price objective on Eldorado Gold from C$13.50 to C$12.00 and set a “hold” rating on the stock in a report on Monday, May 2nd. Canaccord Genuity Group increased their price objective on Eldorado Gold from C$13.00 to C$17.00 in a report on Friday, April 22nd. Finally, National Bankshares lowered their price objective on Eldorado Gold from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Tuesday, May 3rd.
ELD stock traded down C$0.22 during mid-day trading on Tuesday, hitting C$10.90. The stock had a trading volume of 389,663 shares, compared to its average volume of 510,700. The company has a current ratio of 3.62, a quick ratio of 2.57 and a debt-to-equity ratio of 15.44. Eldorado Gold has a 1-year low of C$9.52 and a 1-year high of C$15.73. The company has a fifty day moving average of C$14.00 and a 200 day moving average of C$12.73. The stock has a market capitalization of C$2.01 billion and a price-to-earnings ratio of -3.33.
In other Eldorado Gold news, Senior Officer Nicolae Stanca sold 8,518 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of C$14.24, for a total value of C$121,262.25. Following the completion of the sale, the insider now owns 107,476 shares in the company, valued at approximately C$1,530,028.34. Also, Senior Officer Peter Dubois Lewis sold 29,314 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of C$14.44, for a total value of C$423,294.16. Following the completion of the sale, the insider now owns 96,520 shares of the company’s stock, valued at approximately C$1,393,748.80. In the last 90 days, insiders have sold 49,768 shares of company stock valued at $716,880.
Eldorado Gold Company Profile (Get Rating)
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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.
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