Eldorado Gold (TSE:ELD – Free Report) (NYSE:EGO) had its price target lifted by Canaccord Genuity Group from C$19.00 to C$23.00 in a research note published on Tuesday morning, BayStreet.CA reports.
A number of other analysts have also issued reports on the company. Stifel Nicolaus increased their target price on Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. National Bankshares reduced their target price on Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating for the company in a report on Monday, February 26th. National Bank Financial reaffirmed an outperform spec overweight rating on shares of Eldorado Gold in a research note on Monday, April 8th. Bank of America upped their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Finally, Cormark dropped their price target on shares of Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of C$19.97.
Check Out Our Latest Stock Analysis on Eldorado Gold
Eldorado Gold Price Performance
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last released its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. The company had revenue of C$417.85 million during the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. Equities analysts forecast that Eldorado Gold will post 0.9818008 EPS for the current fiscal year.
Insiders Place Their Bets
In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total transaction of C$34,675.00. In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 1,900 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total transaction of C$34,675.00. Insiders have sold 41,338 shares of company stock valued at $684,168 over the last three months. 0.69% of the stock is currently owned by insiders.
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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