Stifel Nicolaus Issues Positive Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price upped by research analysts at Stifel Nicolaus from C$48.00 to C$65.00 in a report released on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 11.21% from the stock’s previous close.

A number of other brokerages have also recently issued reports on ELD. Canaccord Genuity Group reduced their target price on shares of Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. ATB Capital cut their target price on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. BMO Capital Markets lifted their price target on Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Finally, Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, Eldorado Gold currently has an average rating of “Buy” and a consensus target price of C$60.75.

Eldorado Gold Stock Up 2.6%

TSE ELD traded up C$1.47 during trading hours on Tuesday, hitting C$58.45. 321,292 shares of the company traded hands, compared to its average volume of 632,352. The business’s 50-day moving average is C$52.66 and its 200-day moving average is C$42.16. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$69.46. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The stock has a market capitalization of C$11.75 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 56.20 and a beta of 1.44.

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

About Eldorado Gold

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.