Eldorado Gold (TSE:ELD – Get Rating) (NYSE:EGO) was upgraded by investment analysts at National Bank Financial from a “sector perform spec overwgt” rating to an “outperform spec overweight” rating in a research note issued on Wednesday. National Bank Financial also issued estimates for Eldorado Gold’s FY2024 earnings at $0.62 EPS.
Several other analysts also recently issued reports on the company. National Bankshares set a C$17.00 price target on Eldorado Gold and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus lowered Eldorado Gold from a “buy” rating to a “hold” rating and raised their price objective for the company from C$16.00 to C$16.50 in a research note on Thursday, April 20th. Finally, BMO Capital Markets increased their target price on Eldorado Gold from C$12.00 to C$14.00 in a research report on Friday, February 24th.
Eldorado Gold Stock Performance
ELD opened at C$13.16 on Wednesday. The business has a fifty day simple moving average of C$14.56 and a 200 day simple moving average of C$12.89. The company has a market capitalization of C$2.43 billion, a PE ratio of 131.60, a price-to-earnings-growth ratio of 56.20 and a beta of 1.34. Eldorado Gold has a 1 year low of C$6.87 and a 1 year high of C$16.40. The company has a debt-to-equity ratio of 15.71, a current ratio of 2.92 and a quick ratio of 2.28.
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 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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