Eldorado Gold (TSE:ELD) Sets New 1-Year High After Analyst Upgrade

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) shares hit a new 52-week high during mid-day trading on Monday after Scotiabank upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as C$67.95 and last traded at C$67.88, with a volume of 100050 shares changing hands. The stock had previously closed at C$63.30.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. BMO Capital Markets boosted their price target on Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average price target of C$43.58.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau purchased 2,700 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the completion of the transaction, the insider owned 11,290 shares in the company, valued at C$417,617.10. The trade was a 31.43% increase in their ownership of the stock. 0.58% of the stock is currently owned by insiders.

Eldorado Gold Price Performance

The stock has a 50-day moving average of C$50.36 and a two-hundred day moving average of C$40.51. The firm has a market cap of C$13.56 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 56.20 and a beta of 1.38. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 EPS for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The company had revenue of C$605.32 million during the quarter. On average, analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current year.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.