Eldorado Gold (TSE:ELD) Lifted to “Neutral” at CIBC

CIBC upgraded shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from an underperform rating to a neutral rating in a report published on Thursday, BayStreet.CA reports. CIBC currently has C$7.00 price target on the stock, up from their previous price target of C$3.00.

ELD has been the topic of several other research reports. National Bank Financial lowered shares of Detour Gold to a hold rating in a research note on Friday, June 28th. JPMorgan Chase & Co. upgraded shares of M.D.C. from an underweight rating to a neutral rating in a research note on Monday, July 8th.

Shares of TSE:ELD opened at C$9.12 on Thursday. The company has a 50 day moving average price of C$6.47. Eldorado Gold has a 52 week low of C$3.36 and a 52 week high of C$9.16. The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of -3.63. The company has a quick ratio of 2.70, a current ratio of 3.98 and a debt-to-equity ratio of 18.57.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.15) EPS for the quarter, missing the consensus estimate of C($0.08) by C($0.07). The business had revenue of C$106.40 million for the quarter, compared to the consensus estimate of C$151.42 million. Sell-side analysts anticipate that Eldorado Gold will post 0.55 EPS for the current fiscal year.

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 100% interest in Tocantinzinho gold project in Brazil.

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