Eldorado Gold (TSE:ELD) Issues Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) announced its quarterly earnings data on Thursday. The company reported C$3.29 earnings per share for the quarter, FiscalAI reports. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The company had revenue of C$767.52 million for the quarter.

Eldorado Gold Trading Up 1.5%

Shares of TSE:ELD traded up C$0.98 during trading on Thursday, reaching C$65.19. 738,598 shares of the stock were exchanged, compared to its average volume of 699,186. The firm’s 50-day moving average price is C$55.29 and its 200 day moving average price is C$43.74. The firm has a market cap of C$13.11 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. Eldorado Gold has a 12-month low of C$18.94 and a 12-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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ELD shares. Stifel Nicolaus upped their target price on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Canaccord Genuity Group decreased their price objective on Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from C$47.00 to C$48.00 in a research report on Tuesday. Finally, BMO Capital Markets boosted their target price on shares of Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$58.93.

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.