Canaccord Genuity Group Issues Positive Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target increased by Canaccord Genuity Group from C$30.00 to C$42.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Bank of America lifted their price target on Eldorado Gold from C$28.50 to C$33.50 in a report on Friday, August 29th. National Bankshares lifted their price target on Eldorado Gold from C$38.00 to C$41.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, Eldorado Gold presently has an average rating of “Strong Buy” and an average target price of C$33.75.

Eldorado Gold Stock Performance

ELD opened at C$40.81 on Thursday. The business’s 50 day moving average is C$34.37 and its 200-day moving average is C$29.31. The stock has a market cap of C$8.29 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 56.20 and a beta of 0.82. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$41.70.

Insider Buying and Selling

In related news, insider Christine Tamiko Ohta sold 5,438 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of C$32.56, for a total transaction of C$177,061.28. Following the sale, the insider owned 6,408 shares of the company’s stock, valued at C$208,644.48. The trade was a 45.91% decrease in their ownership of the stock. Also, insider Lynette Gould sold 3,330 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of C$34.94, for a total value of C$116,360.86. Following the sale, the insider directly owned 2,635 shares in the company, valued at approximately C$92,075.33. The trade was a 55.83% decrease in their position. Insiders have sold a total of 20,091 shares of company stock valued at $679,773 over the last quarter. Corporate 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.