TD Cuts Eldorado Gold (TSE:ELD) Price Target to C$40.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target cut by TD from C$45.00 to C$40.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities research analysts also recently issued reports on ELD. Bank of America upped their price target on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Stifel Nicolaus upped their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Canaccord Genuity Group downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$63.50.

Eldorado Gold Stock Down 1.9%

Shares of ELD opened at C$46.79 on Tuesday. The stock has a market capitalization of C$9.27 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 56.20 and a beta of 1.67. Eldorado Gold has a 1 year low of C$23.99 and a 1 year high of C$69.46. The business’s 50 day simple moving average is C$53.84 and its 200-day simple moving average is C$48.70. The company has a debt-to-equity ratio of 30.34, a current ratio of 1.83 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. The business had revenue of C$767.52 million for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%. As a group, equities analysts expect that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

In other news, insider Christine Tamiko Ohta sold 5,492 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of C$51.22, for a total value of C$281,300.24. Following the sale, the insider owned 8,427 shares of the company’s stock, valued at approximately C$431,630.94. This represents a 39.46% decrease in their ownership of the stock. Also, insider Christian Milau acquired 3,500 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the transaction, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. This trade represents a 30.45% increase in their ownership of the stock. Corporate insiders own 0.58% of the company’s stock.

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.