A number of other research firms have also weighed in on EGO. CSFB decreased their target price on shares of Eldorado Gold from $10.75 to $9.00 and set an underperform rating on the stock in a research note on Thursday, August 17th. Royal Bank of Canada restated a sector perform rating and set a $9.50 price target on shares of Eldorado Gold in a report on Tuesday, August 8th. Stifel Nicolaus upgraded shares of Eldorado Gold from a hold rating to a buy rating in a report on Wednesday, October 11th. Stifel Canada upgraded shares of Eldorado Gold from a hold rating to a buy rating in a report on Wednesday, October 11th. Finally, TD Securities raised their price target on shares of Eldorado Gold from $11.00 to $12.00 and gave the stock a hold rating in a report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $12.61.
Eldorado Gold Trading Up 1.0 %
Institutional Trading of Eldorado Gold
Several institutional investors have recently added to or reduced their stakes in EGO. Raymond James Financial Services Advisors Inc. increased its holdings in Eldorado Gold by 2.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 141,562 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 2,804 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in shares of Eldorado Gold by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 18,544 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 1,944 shares in the last quarter. Citigroup Inc. acquired a new position in shares of Eldorado Gold in the first quarter worth $1,128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Eldorado Gold by 24.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,921 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 4,510 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Eldorado Gold by 1.4% in the first quarter. BlackRock Inc. now owns 10,321,583 shares of the basic materials company’s stock worth $115,706,000 after acquiring an additional 141,298 shares in the last quarter. Institutional investors and hedge funds own 58.23% of the company’s stock.
About Eldorado Gold
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. It holds a 100% interest in the Kisladag and Efemçukuru 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 80.5% interest in Certej development projects located in Romania.
- Five stocks we like better than Eldorado Gold
- 3 Warren Buffett Stocks to Buy Now
- Amazon just gave us 3 reasons to expect fresh highs
- What is the Nikkei 225 index?
- McDonald’s bottoms, plus more good news for fast food stocks
- Options Trading – Understanding Strike Price
- Is Apple a buy ahead of earnings?
Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.