Eldorado Gold Co. (NYSE:EGO) Receives Consensus Recommendation of “Hold” from Analysts

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.57.

EGO has been the topic of several recent analyst reports. Stifel Canada upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. TheStreet upgraded shares of Eldorado Gold from a “d+” rating to a “c-” rating in a research report on Friday, November 3rd. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.50 price objective on shares of Eldorado Gold in a research note on Tuesday, August 8th.

Eldorado Gold Price Performance

NYSE EGO opened at $10.42 on Monday. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 0.49 and a beta of 1.11. The company has a current ratio of 4.00, a quick ratio of 2.89 and a debt-to-equity ratio of 0.18. Eldorado Gold has a 12 month low of $6.64 and a 12 month high of $12.11. The company’s 50 day moving average is $9.83 and its two-hundred day moving average is $10.03.

Institutional Trading of Eldorado Gold

Large investors have recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Eldorado Gold in the second quarter valued at about $37,000. Prelude Capital Management LLC bought a new stake in shares of Eldorado Gold in the second quarter valued at about $78,000. LPL Financial LLC raised its holdings in shares of Eldorado Gold by 19.5% in the second quarter. LPL Financial LLC now owns 12,286 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 2,008 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Eldorado Gold in the second quarter valued at about $80,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Eldorado Gold in the second quarter valued at about $88,000. 58.23% of the stock is owned by hedge funds and other institutional investors.

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.