Eldorado Gold (TSE:ELD) Price Target Raised to C$70.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target raised by Stifel Nicolaus from C$65.00 to C$70.00 in a report released on Thursday,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts also recently commented on ELD. ATB Cormark Capital Markets increased their target price on Eldorado Gold from C$45.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 9th. Jefferies Financial Group raised Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th. National Bank Financial raised their price objective on Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group lifted their price objective on shares of Eldorado Gold from C$45.00 to C$55.00 in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$60.00.

Eldorado Gold Price Performance

ELD opened at C$60.31 on Thursday. The company has a market capitalization of C$15.73 billion, a P/E ratio of 21.46, a PEG ratio of 56.20 and a beta of 1.69. The company has a 50-day moving average of C$53.29 and a 200-day moving average of C$48.94. The company has a debt-to-equity ratio of 25.70, a quick ratio of 2.27 and a current ratio of 1.31. Eldorado Gold has a 1-year low of C$34.25 and a 1-year high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. The business had revenue of C$692.57 million during the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. Equities analysts expect that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Activity

In related news, insider Per Niklas Frank sold 9,524 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$43.02, for a total value of C$409,722.48. Following the sale, the insider owned 16,777 shares of the company’s stock, valued at approximately C$721,746.54. This trade represents a 36.21% decrease in their position. Also, Director Seda Erdemir sold 1,239 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total value of C$74,798.43. Over the last ninety days, insiders sold 23,154 shares of company stock valued at $1,024,582. 0.58% of the stock is currently owned by insiders.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).