Eldorado Gold (NYSE:EGO) Shares Gap Up to $11.49

Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.49, but opened at $11.72. Eldorado Gold shares last traded at $11.62, with a volume of 21,816 shares traded.

A number of analysts have recently weighed in on the company. National Bank Financial upped their price objective on Eldorado Gold from C$16.00 to C$17.00 in a research report on Friday, February 4th. StockNews.com initiated coverage on Eldorado Gold in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. Finally, TD Securities lifted their price target on shares of Eldorado Gold from $11.50 to $12.50 and gave the stock a “hold” rating in a research note on Tuesday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.67.

The company has a quick ratio of 2.66, a current ratio of 3.52 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $10.81 and a 200-day moving average of $9.74.

Eldorado Gold (NYSE:EGOGet Rating) (TSE:ELD) last issued its earnings results on Thursday, February 24th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Eldorado Gold had a negative net margin of 15.18% and a positive return on equity of 3.14%. The business had revenue of $244.60 million during the quarter. Equities analysts anticipate that Eldorado Gold Co. will post 0.53 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in EGO. Counterpoint Mutual Funds LLC purchased a new position in shares of Eldorado Gold in the 4th quarter valued at approximately $27,000. SG Americas Securities LLC acquired a new position in Eldorado Gold in the 3rd quarter valued at $82,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Eldorado Gold during the 3rd quarter worth $97,000. Vident Investment Advisory LLC acquired a new stake in shares of Eldorado Gold in the 3rd quarter worth $102,000. Finally, Cetera Advisor Networks LLC boosted its holdings in shares of Eldorado Gold by 11.5% in the third quarter. Cetera Advisor Networks LLC now owns 16,280 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 1,680 shares in the last quarter. 56.25% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Company Profile (NYSE:EGO)

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the Certej and Bolcana development projects located in Romania; and 100% interest in the Tocantinzinho development project located in Brazil.

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