Eldorado Gold (TSE:ELD) Given New C$29.00 Price Target at National Bankshares

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective increased by stock analysts at National Bankshares from C$25.00 to C$29.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 27.08% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Cormark decreased their target price on Eldorado Gold from C$33.50 to C$30.00 in a research report on Monday, February 10th. BMO Capital Markets decreased their target price on Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th. Finally, Stifel Nicolaus cut their price target on Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th.

Eldorado Gold Stock Up 1.3 %

Shares of TSE:ELD opened at C$22.82 on Wednesday. Eldorado Gold has a 52-week low of C$17.82 and a 52-week high of C$26.32. The firm has a market capitalization of C$3.29 billion, a P/E ratio of 11.88, a P/E/G ratio of 56.20 and a beta of 1.22. The stock has a 50 day moving average price of C$21.16 and a 200-day moving average price of C$22.40. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37.

Insider Buying and Selling

In other Eldorado Gold news, Director George Raymond Burns sold 7,590 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$19.61, for a total transaction of C$148,853.56. Also, Senior Officer Nicolae Stanca sold 4,235 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$13.92, for a total value of C$58,951.20. Insiders have sold 32,924 shares of company stock worth $631,537 in the last 90 days. Insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.