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

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target reduced by Stifel Nicolaus from C$28.00 to C$27.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Separately, National Bankshares upped their price objective on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and an average price target of C$23.61.

Eldorado Gold Trading Down 5.3 %

Shares of ELD opened at C$21.94 on Monday. The firm has a market cap of C$4.49 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. Eldorado Gold has a 1 year low of C$13.10 and a 1 year high of C$26.32. The company has a 50 day simple moving average of C$23.61 and a two-hundred day simple moving average of C$22.49.

Insider Activity

In other news, Senior Officer Ryan Swedburg sold 3,553 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the 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. Over the last quarter, insiders have sold 10,564 shares of company stock valued at $239,995. 0.58% of the stock is currently owned by company insiders.

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.