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

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$23.61.

Separately, Stifel Nicolaus lowered their target price on shares of Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th.

Insider Buying and Selling

In other Eldorado Gold news, Senior Officer Ryan Swedburg sold 3,553 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total value of C$83,234.71. Insiders own 0.58% of the company’s stock.

Eldorado Gold Trading Up 0.8 %

ELD stock opened at C$23.62 on Wednesday. The company’s 50-day simple moving average is C$23.35 and its 200-day simple moving average is C$22.66. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. Eldorado Gold has a 52-week low of C$13.10 and a 52-week high of C$26.32. The firm has a market cap of C$4.84 billion, a P/E ratio of 19.68, a PEG ratio of 56.20 and a beta of 1.22.

About Eldorado Gold

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.