Eldorado Gold (TSE:ELD) Given New C$15.50 Price Target at National Bank Financial

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target lowered by National Bank Financial from C$17.00 to C$15.50 in a report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. Canaccord Genuity cut their target price on Eldorado Gold from C$12.00 to C$10.50 in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an underperform rating and issued a C$6.50 price target on shares of Eldorado Gold in a report on Thursday, December 5th.

Shares of ELD traded down C$0.35 during trading hours on Wednesday, hitting C$9.84. The stock had a trading volume of 1,541,656 shares, compared to its average volume of 1,482,104. The company has a debt-to-equity ratio of 14.53, a quick ratio of 1.12 and a current ratio of 1.97. The firm has a market cap of $1.52 billion and a P/E ratio of 19.68. The company’s fifty day simple moving average is C$10.31 and its 200 day simple moving average is C$10.29. Eldorado Gold has a 12-month low of C$4.10 and a 12-month high of C$14.99.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, February 20th. The company reported C$0.17 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.03. The firm had revenue of C$253.29 million during the quarter. As a group, sell-side analysts predict that Eldorado Gold will post 0.41 earnings per share for the current fiscal year.

In related news, Senior Officer Peter Dubois Lewis sold 3,142 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of C$11.56, for a total value of C$36,330.95. Following the completion of the sale, the insider now directly owns 39,159 shares in the company, valued at approximately C$452,795.52.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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