Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$2.12.
A number of equities research analysts have recently commented on the stock. Canaccord Genuity upped their target price on shares of Eldorado Gold from C$1.25 to C$1.40 in a report on Monday, April 23rd. Eight Capital reduced their target price on shares of Eldorado Gold from C$1.60 to C$1.30 in a report on Friday, March 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$1.50 target price on shares of Eldorado Gold in a report on Friday, March 23rd. Finally, Desjardins cut shares of Eldorado Gold from a “hold” rating to a “sell” rating and reduced their target price for the company from C$1.75 to C$1.00 in a report on Thursday, March 22nd.
In other news, Director George Raymond Burns purchased 388,400 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The stock was purchased at an average cost of C$1.25 per share, with a total value of C$485,500.00. Also, insider Timothy Francis Garvin purchased 90,000 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The shares were purchased at an average cost of C$1.23 per share, with a total value of C$110,700.00. Insiders have purchased 478,800 shares of company stock valued at $596,599 over the last three months.
Shares of TSE:ELD traded up C$0.04 on Wednesday, reaching C$1.52. The company’s stock had a trading volume of 1,601,885 shares, compared to its average volume of 2,387,193. Eldorado Gold has a 52-week low of C$1.03 and a 52-week high of C$3.89.
Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, April 26th. The company reported C$0.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.01. Eldorado Gold had a negative net margin of 7.34% and a negative return on equity of 0.47%. The business had revenue of C$166.74 million during the quarter.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 29th. Investors of record on Tuesday, May 8th were issued a dividend of $0.50 per share. This is a boost from Eldorado Gold’s previous quarterly dividend of $0.02. This represents a $2.00 annualized dividend and a yield of 131.58%.
Eldorado Gold Company Profile
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.
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