Eldorado Gold Co. (TSE:ELD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$63.50.

ELD has been the topic of a number of recent research reports. BMO Capital Markets set a C$82.00 price objective on shares of Eldorado Gold and gave the company an “outperform” rating in a research note on Wednesday, April 15th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. National Bank Financial lifted their price target on shares of Eldorado Gold from C$63.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, TD reduced their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th.

Eldorado Gold Price Performance

Shares of ELD stock opened at C$44.14 on Friday. Eldorado Gold has a 52-week low of C$26.87 and a 52-week high of C$69.46. The stock has a market cap of C$11.50 billion, a PE ratio of 15.76, a PEG ratio of 56.20 and a beta of 1.37. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62. The firm’s 50 day moving average price is C$44.22 and its two-hundred day moving average price is C$50.47.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$1.32 earnings per share (EPS) for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The firm had revenue of C$740.23 million for the quarter. As a group, analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Activity at Eldorado Gold

In other news, insider Per Niklas Frank sold 9,524 shares of Eldorado Gold stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the transaction, the insider directly owned 16,777 shares of the company’s stock, valued at C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. Also, insider Christian Milau purchased 12,400 shares of Eldorado Gold stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of C$40.17 per share, for a total transaction of C$498,108.00. Following the completion of the transaction, the insider owned 43,273 shares of the company’s stock, valued at approximately C$1,738,276.41. This represents a 40.16% increase in their ownership of the stock. Over the last quarter, insiders purchased 47,356 shares of company stock valued at $2,091,456 and sold 143,588 shares valued at $6,212,553. 0.58% of the stock is owned by company insiders.

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.