Mon Sep 30 05:17:10 UTC 2024: ## Eldorado Gold Receives “Moderate Buy” Rating from Analysts, Shares Rise

**Toronto, Canada – September 30, 2024** – Eldorado Gold Co. (TSE:ELD, NYSE:EGO) has garnered a “Moderate Buy” consensus rating from six research firms covering the stock, according to MarketBeat. This positive sentiment stems from three analysts recommending a “Hold,” two suggesting a “Buy,” and one issuing a “Strong Buy.”

Analysts have set an average 12-month price target of C$22.54 for Eldorado Gold, indicating potential upside from its current trading price. Recent reports from National Bankshares, Cibc World Mkts, and Canaccord Genuity Group have all expressed bullish outlooks on the company.

Eldorado Gold recently exceeded analyst expectations for its second-quarter earnings, reporting C$0.45 earnings per share, surpassing the anticipated C$0.36. The company’s revenue for the quarter totaled C$406.56 million, demonstrating a strong financial performance.

In insider trading news, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock on September 12th at an average price of C$23.43, while Senior Officer Karen Christine Aram sold 2,007 shares on August 23rd at an average price of C$24.15. Overall, insiders have sold 14,988 shares worth $334,328 in the last three months.

Eldorado Gold, headquartered in Toronto, focuses on mining, exploration, development, and sales of mineral products, particularly gold, silver, lead, and zinc. The company operates primarily in Turkey, Canada, Greece, and Romania, holding key interests in several gold mines and development projects.

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