National Bankshares Issues Positive Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective hoisted by National Bankshares from C$25.00 to C$29.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on ELD. Stifel Nicolaus decreased their target price on Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. 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, Cormark decreased their target price on Eldorado Gold from C$33.50 to C$30.00 in a research report on Monday, February 10th.

Eldorado Gold Trading Down 1.8 %

ELD opened at C$22.40 on Wednesday. Eldorado Gold has a one year low of C$17.82 and a one year high of C$26.32. The company has a market cap of C$3.23 billion, a P/E ratio of 11.66, a PEG ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. The business’s 50-day simple moving average is C$21.15 and its 200-day simple moving average is C$22.40.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Joseph Dennis Dick sold 9,275 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total transaction of C$187,540.50. Also, Senior Officer Graham Magnus Morrison sold 11,375 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$19.99, for a total value of C$227,386.25. In the last ninety days, insiders sold 35,924 shares of company stock valued at $700,087. 0.58% of the stock is owned by company insiders.

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.