Canaccord Genuity Group Increases Eldorado Gold (TSE:ELD) Price Target to C$23.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target raised by Canaccord Genuity Group from C$19.00 to C$23.00 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 17.05% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of Eldorado Gold from C$17.25 to C$19.50 in a research note on Friday, April 19th. National Bankshares cut their price target on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Bank of America raised their price objective on shares of Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and a consensus target price of C$19.97.

Eldorado Gold Price Performance

Shares of ELD opened at C$19.65 on Tuesday. The company has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13. Eldorado Gold has a fifty-two week low of C$11.38 and a fifty-two week high of C$22.01. The firm has a 50-day simple moving average of C$17.85 and a 200-day simple moving average of C$16.60. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.05. The company had revenue of C$417.85 million during the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. On average, equities research analysts anticipate that Eldorado Gold will post 0.9818008 earnings per share for the current year.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. In other news, Senior Officer Sylvain Lehoux sold 5,433 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total value of C$95,498.01. Also, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. Insiders have sold 41,338 shares of company stock valued at $684,168 in the last quarter. 0.69% of the stock is currently owned by corporate 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.