Eldorado Gold Co. (TSE:ELD) Stock Has Average Target Price of C$61.25

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$61.25.

A number of brokerages have recently issued reports on ELD. ATB Cormark Capital Markets increased their target price on Eldorado Gold from C$45.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Canaccord Genuity Group lifted their target price on shares of Eldorado Gold from C$55.00 to C$63.00 in a research note on Tuesday, September 22nd. Stifel Nicolaus raised their price target on shares of Eldorado Gold from C$65.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Jefferies Financial Group raised shares of Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th.

Eldorado Gold Trading Up 0.3%

TSE:ELD opened at C$52.43 on Friday. The firm has a fifty day simple moving average of C$57.04 and a 200-day simple moving average of C$49.23. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. The company has a market capitalization of C$13.67 billion, a P/E ratio of 18.66, a PEG ratio of 56.20 and a beta of 1.68. Eldorado Gold has a 12 month low of C$34.25 and a 12 month high of C$69.46.

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

Insiders Place Their Bets

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43. Company insiders own 0.58% of the company’s stock.

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).