Eldorado Gold (TSE:ELD – Get Rating) (NYSE:EGO) was upgraded by equities researchers at National Bank Financial from a “sector perform spec overwgt” rating to an “outperform spec overweight” rating in a research report issued on Wednesday. National Bank Financial also issued estimates for Eldorado Gold’s FY2024 earnings at $0.62 EPS.
Several other equities analysts have also commented on the stock. National Bankshares set a C$17.00 price target on shares of Eldorado Gold and gave the stock an “outperform” rating in a research report 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 report on Thursday, April 20th. Finally, BMO Capital Markets boosted their price target on Eldorado Gold from C$12.00 to C$14.00 in a research report on Friday, February 24th.
Eldorado Gold Stock Performance
TSE ELD opened at C$13.16 on Wednesday. The stock has a market cap of C$2.43 billion, a price-to-earnings ratio of 131.60, a price-to-earnings-growth ratio of 56.20 and a beta of 1.34. The company has a quick ratio of 2.28, a current ratio of 2.92 and a debt-to-equity ratio of 15.71. The business has a fifty day moving average of C$14.56 and a 200-day moving average of C$12.89. Eldorado Gold has a fifty-two week low of C$6.87 and a fifty-two week high of C$16.40.
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 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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