Eldorado Gold (TSE:ELD) Price Target Raised to C$29.00 at National Bankshares

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price raised by investment analysts at National Bankshares from C$25.00 to C$29.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 29.70% from the stock’s current price.

Several other brokerages also recently weighed in on ELD. BMO Capital Markets reduced their target price on shares of Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday, February 7th. Cormark reduced their price target on shares of Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th. Finally, Stifel Nicolaus reduced their price target on shares of Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th.

Eldorado Gold Trading Up 0.0 %

Shares of ELD traded up C$0.01 during midday trading on Wednesday, hitting C$22.36. The stock had a trading volume of 170,378 shares, compared to its average volume of 422,376. Eldorado Gold has a 1 year low of C$17.52 and a 1 year high of C$26.32. The firm has a market cap of C$3.22 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The stock’s 50 day moving average is C$21.18 and its 200 day moving average is C$22.41.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Nicolae Stanca sold 4,235 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of C$13.92, for a total transaction of C$58,951.20. Also, Senior Officer Joseph Dennis Dick sold 9,275 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total transaction of C$187,540.50. Insiders have sold a total of 32,924 shares of company stock worth $631,537 in the last three months. Corporate insiders own 0.58% of the company’s stock.

About Eldorado Gold

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.