Eldorado Gold Co. (TSE:ELD) Receives Average Rating of “Moderate Buy” from Brokerages

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$23.76.

A number of research analysts have weighed in on ELD shares. Stifel Nicolaus increased their target price on Eldorado Gold from C$25.00 to C$28.00 in a report on Monday, October 21st. Canaccord Genuity Group boosted their target price on shares of Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. Finally, National Bankshares upped their target price on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total transaction of C$136,611.54. Insiders have sold 12,991 shares of company stock valued at $298,569 over the last 90 days. 0.58% of the stock is currently owned by corporate insiders.

Eldorado Gold Trading Down 0.5 %

TSE:ELD opened at C$21.41 on Friday. The company has a 50 day simple moving average of C$23.52 and a two-hundred day simple moving average of C$22.36. The company has a market cap of C$4.38 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. Eldorado Gold has a 12 month low of C$13.10 and a 12 month high of C$26.32.

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.