Eldorado Gold (ELD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) have received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$2.12.

ELD has been the subject of several recent research reports. Canaccord Genuity boosted their price objective on Eldorado Gold from C$1.25 to C$1.40 in a research report on Monday, April 23rd. Eight Capital lowered their price objective on Eldorado Gold from C$1.60 to C$1.30 in a research report on Friday, March 23rd. Desjardins downgraded Eldorado Gold from a “hold” rating to a “sell” rating and lowered their price objective for the company from C$1.75 to C$1.00 in a research report on Thursday, March 22nd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$1.50 price objective on shares of Eldorado Gold in a research report on Friday, March 23rd.

ELD traded up C$0.02 during midday trading on Friday, hitting C$1.29. The stock had a trading volume of 962,626 shares, compared to its average volume of 2,490,361. Eldorado Gold has a 1 year low of C$1.03 and a 1 year high of C$4.78.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Tuesday, May 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 155.04%. This is an increase from Eldorado Gold’s previous quarterly dividend of $0.02.

In other Eldorado Gold news, Director George Raymond Burns bought 388,400 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The stock was bought at an average price of C$1.25 per share, for a total transaction of C$485,500.00. Also, insider Timothy Francis Garvin bought 90,000 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The shares were acquired at an average price of C$1.23 per share, with a total value of C$110,700.00. Insiders acquired 478,800 shares of company stock valued at $596,599 in the last quarter.

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.

Analyst Recommendations for Eldorado Gold (TSE:ELD)

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