Eldorado Gold Corporation (ELD:CA:TSX) Analysts rate with a Buy, $16 target

STA Research
by: STA Research
Eldorado Gold Corporation stock

Based on the Eldorado Gold Corporation stock forecasts from 9 analysts, the average analyst target price for Eldorado Gold Corporation is CAD 15.84 over the next 12 months. Eldorado Gold Corporation’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of Eldorado Gold Corporation is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, Eldorado Gold Corporation’s stock price was CAD 15.38. Eldorado Gold Corporation’s stock price has changed by +10.73% over the past week, +10.81% over the past month and +13.59% over the last year.

Recently Scotiabank Capital maintained their Sector Perform rating and $16 target on the company’s stock.

STA Research assigned Eldorado Gold with a Sector Perform rating paired with a $20, 12 month target forecast on the stock.

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. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1992 and is headquartered in Vancouver, Canada. Address: Bentall 5, Vancouver, BC, Canada, V6C 2B5

 

What to like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Underpriced compared to book value

The stock is trading low compared to its peers on a price-to-book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

 

What to not like:

Poor risk-adjusted returns

This company is delivering below median risk-adjusted returns to its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above the median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has underperformed its peers on annual average total returns in the past 5 years.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on a cash flow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering buying.

 

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