Eldorado Gold Co. (TSE:ELD – Get Free Report) (NYSE:EGO)’s stock price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as C$22.75 and last traded at C$22.26, with a volume of 34448 shares changing hands. The stock had previously closed at C$22.04.
Wall Street Analyst Weigh In
Several analysts have issued reports on ELD shares. BMO Capital Markets boosted their price target on Eldorado Gold from C$21.00 to C$23.00 in a report on Friday, April 26th. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday. Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$14.00 to C$20.00 in a report on Wednesday, May 29th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, National Bankshares boosted their price target on Eldorado Gold from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.48.
Check Out Our Latest Stock Analysis on ELD
Eldorado Gold Stock Performance
The stock has a market cap of C$4.60 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 56.20, and a beta of 1.23. The company has a quick ratio of 2.28, a current ratio of 3.50, and a debt-to-equity ratio of 18.65. The business has a 50-day moving average price of C$21.06 and a two-hundred day moving average price of C$18.73.
Extra Insight:
Despite the stock’s recent high, investors should continue to monitor Eldorado Gold’s financial indicators and market performance for any potential shifts in the company’s valuation.
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last posted its earnings results on Thursday, April 25th. The company reported C$0.36 EPS for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.15. The company had revenue of C$347.78 million for the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 11.45%. On average, sell-side analysts forecast that Eldorado Gold Co. will post 1.4664843 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Christos Balaskas sold 6,518 shares of the business’s stock in a transaction dated Sunday, June 23rd. The stock was sold at an average price of C$20.60, for a total value of C$134,270.80. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$21.12, for a total transaction of C$211,200.00. Also, Senior Officer Christos Balaskas sold 6,518 shares of the company’s stock in a transaction that occurred on Sunday, June 23rd. The shares were sold at an average price of C$20.60, for a total value of C$134,270.80. Over the last three months, insiders have sold 304,292 shares of company stock worth $6,057,269. Corporate insiders own 0.70% 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.
See Also
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