Cormark Trims Eldorado Gold (TSE:ELD) Target Price to C$12.00

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) had its price objective lowered by Cormark from C$13.50 to C$12.00 in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. Cormark also issued estimates for Eldorado Gold’s Q3 2022 earnings at $0.12 EPS, Q4 2022 earnings at $0.13 EPS, FY2022 earnings at $0.22 EPS, FY2023 earnings at $0.77 EPS and FY2024 earnings at $1.22 EPS.

A number of other research firms have also issued reports on ELD. National Bankshares increased their target price on Eldorado Gold from C$15.00 to C$15.50 and gave the company an outperform rating in a research note on Tuesday. TD Securities lowered their price objective on Eldorado Gold from C$13.50 to C$12.00 and set a hold rating for the company in a research note on Monday, May 2nd. Haywood Securities lowered their price objective on Eldorado Gold from C$20.50 to C$17.50 and set a buy rating for the company in a research note on Tuesday, May 3rd. Canaccord Genuity Group raised their price objective on Eldorado Gold from C$13.00 to C$17.00 in a research note on Friday, April 22nd. Finally, BMO Capital Markets restated a buy rating and set a C$18.00 price objective on shares of Eldorado Gold in a research note on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from, the company currently has a consensus rating of Moderate Buy and an average target price of C$13.70.

Eldorado Gold Price Performance

ELD stock opened at C$7.82 on Tuesday. The company has a debt-to-equity ratio of 15.96, a quick ratio of 2.31 and a current ratio of 3.47. Eldorado Gold has a 1 year low of C$6.96 and a 1 year high of C$15.73. The firm has a market cap of C$1.44 billion and a P/E ratio of -2.36. The stock has a 50-day simple moving average of C$8.59 and a 200-day simple moving average of C$11.48.

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) last posted its earnings results on Thursday, July 28th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The firm had revenue of C$272.44 million during the quarter. On average, equities analysts predict that Eldorado Gold will post 0.87 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

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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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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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