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Eldorado Gold Co. (TSE:ELD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Eldorado Gold Co. (TSE:ELDGet Rating) (NYSE:EGO) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$13.70.

Several research firms recently commented on ELD. National Bankshares lifted their target price on shares of Eldorado Gold from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Cormark cut their target price on shares of Eldorado Gold from C$13.50 to C$12.00 in a research report on Tuesday, August 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a C$18.00 target price on shares of Eldorado Gold in a research report on Thursday, July 14th.

Eldorado Gold Price Performance

Shares of ELD opened at C$7.35 on Monday. The company has a quick ratio of 2.31, a current ratio of 3.47 and a debt-to-equity ratio of 15.96. The stock has a market cap of C$1.36 billion and a PE ratio of -2.22. Eldorado Gold has a 12-month low of C$6.87 and a 12-month high of C$15.73. The business has a 50-day simple moving average of C$7.79 and a two-hundred day simple moving average of C$10.97.

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Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) last released its quarterly earnings data on Thursday, July 28th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The firm had revenue of C$272.44 million during the quarter. Analysts anticipate that Eldorado Gold will post 0.85 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

(Get Rating)

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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Analyst Recommendations for Eldorado Gold (TSE:ELD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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