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National Bank Financial Trims Eldorado Gold (TSE:ELD) Target Price to C$16.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective cut by National Bank Financial to C$16.00 in a research note issued to investors on Wednesday…

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This article was originally published by ETF Daily News

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective cut by National Bank Financial to C$16.00 in a research note issued to investors on Wednesday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Eldorado Gold’s FY2021 earnings at $0.76 EPS and FY2022 earnings at $0.64 EPS.

Several other analysts also recently weighed in on ELD. Credit Suisse Group reaffirmed a hold rating and set a C$9.50 price target on shares of Eldorado Gold in a research note on Thursday, December 16th. National Bankshares decreased their price target on shares of Eldorado Gold from C$17.50 to C$16.00 and set an outperform rating for the company in a research note on Wednesday. CSFB set a C$9.50 price target on shares of Eldorado Gold and gave the company a hold rating in a research note on Thursday, December 16th. BMO Capital Markets reaffirmed a buy rating and set a C$20.00 price target on shares of Eldorado Gold in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a C$10.00 price target on shares of Eldorado Gold in a research note on Thursday, December 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold has a consensus rating of Hold and an average price target of C$13.86.

Shares of TSE:ELD opened at C$11.59 on Wednesday. Eldorado Gold has a 1 year low of C$9.52 and a 1 year high of C$17.28. The business has a 50 day simple moving average of C$11.76 and a two-hundred day simple moving average of C$11.43. The firm has a market capitalization of C$2.12 billion and a PE ratio of -19.51. The company has a debt-to-equity ratio of 14.12, a current ratio of 4.28 and a quick ratio of 2.95.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, October 28th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.23 by C$0.05. The business had revenue of C$300.24 million for the quarter. Equities research analysts expect that Eldorado Gold will post 0.73 EPS for the current fiscal year.

In related news, Senior Officer Sylvain Lehoux sold 3,334 shares of the business’s stock in a transaction that occurred on Thursday, December 23rd. The shares were sold at an average price of C$12.03, for a total value of C$40,108.02.

Eldorado Gold Company Profile

Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.

Further Reading: Outstanding Shares and The Effect on Share Price

The post National Bank Financial Trims Eldorado Gold (TSE:ELD) Target Price to C$16.00 appeared first on ETF Daily News.




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