Eldorado Gold (TSE:ELD – Free Report) (NYSE:EGO) had its price target hoisted by Stifel Nicolaus from C$25.00 to C$28.00 in a research note released on Monday morning, BayStreet.CA reports.
A number of other analysts also recently weighed in on ELD. Canaccord Genuity Group increased their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, National Bankshares boosted their price target on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.76.
Get Our Latest Stock Analysis on Eldorado Gold
Eldorado Gold Trading Down 0.8 %
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last issued its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.09. The company had revenue of C$406.56 million during the quarter. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. Equities research analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current year.
Insiders Place Their Bets
In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. Also, Senior Officer Ryan Swedburg sold 3,553 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total transaction of C$83,234.71. Insiders sold a total of 14,988 shares of company stock worth $334,328 over the last quarter. Company insiders own 0.58% of the company’s stock.
Eldorado Gold Company Profile
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.
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