Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) – Research analysts at Cormark boosted their Q4 2023 earnings per share (EPS) estimates for Eldorado Gold in a report issued on Monday, October 30th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.15. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.29 per share.
EGO has been the subject of several other reports. TD Securities lifted their target price on shares of Eldorado Gold from $11.00 to $12.00 and gave the company a “hold” rating in a report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.50 target price on shares of Eldorado Gold in a report on Tuesday, August 8th. Stifel Canada upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Monday. Finally, CSFB reduced their price objective on shares of Eldorado Gold from $10.75 to $9.00 and set an “underperform” rating for the company in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.91.
Eldorado Gold Trading Down 0.6 %
Shares of NYSE EGO opened at $10.82 on Tuesday. Eldorado Gold has a 1 year low of $5.45 and a 1 year high of $12.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.00 and a quick ratio of 2.89. The firm has a 50-day moving average of $9.59 and a 200 day moving average of $10.03. The stock has a market cap of $2.21 billion, a P/E ratio of 34.89 and a beta of 1.24.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. bought a new position in shares of Eldorado Gold during the 2nd quarter valued at $37,000. Employees Retirement System of Texas purchased a new stake in Eldorado Gold during the first quarter valued at $68,000. Prelude Capital Management LLC bought a new position in Eldorado Gold in the second quarter valued at about $78,000. LPL Financial LLC boosted its position in Eldorado Gold by 19.5% in the second quarter. LPL Financial LLC now owns 12,286 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Eldorado Gold during the 2nd quarter valued at about $80,000. Institutional investors 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.
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