Stifel Nicolaus Has Lowered Expectations for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target cut by investment analysts at Stifel Nicolaus from C$28.00 to C$27.00 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 22.73% from the company’s current price.

Separately, National Bankshares upped their target price on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$23.61.

Eldorado Gold Stock Performance

Shares of ELD traded down C$1.18 during mid-day trading on Monday, reaching C$22.00. The company had a trading volume of 149,661 shares, compared to its average volume of 363,973. Eldorado Gold has a 52-week low of C$13.10 and a 52-week high of C$26.32. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The stock has a market capitalization of C$4.50 billion, a P/E ratio of 18.35, a PEG ratio of 56.20 and a beta of 1.22. The stock has a 50 day moving average of C$23.61 and a two-hundred day moving average of C$22.47.

Insider Buying and Selling

In other news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. Also, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. Insiders have sold a total of 10,564 shares of company stock valued at $239,995 over the last quarter. 0.58% of the stock is currently owned by insiders.

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 Efemçukuru mines located in Turkey; Lamaque complex 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.