Eldorado Gold (NYSE:EGO) Reaches New 52-Week High at $16.07

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) shares reached a new 52-week high on Friday . The company traded as high as $16.07 and last traded at $15.28, with a volume of 697136 shares. The stock had previously closed at $14.78.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating on shares of Eldorado Gold in a research report on Friday, January 26th. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. TD Securities cut their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a report on Monday, February 26th. Finally, CIBC raised their target price on Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.30.

Eldorado Gold Stock Performance

The company has a quick ratio of 2.53, a current ratio of 3.39 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $13.30 and a 200 day moving average price of $12.33. The firm has a market capitalization of $3.10 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 6.59 and a beta of 1.10.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $306.90 million during the quarter. Eldorado Gold had a return on equity of 4.52% and a net margin of 11.43%. Research analysts expect that Eldorado Gold Co. will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On Eldorado Gold

A number of hedge funds have recently added to or reduced their stakes in EGO. Triasima Portfolio Management inc. acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at $18,548,000. American Century Companies Inc. boosted its stake in shares of Eldorado Gold by 55.3% in the 3rd quarter. American Century Companies Inc. now owns 1,269,694 shares of the basic materials company’s stock valued at $11,322,000 after buying an additional 452,226 shares during the period. Vanguard Group Inc. grew its position in shares of Eldorado Gold by 2.0% during the third quarter. Vanguard Group Inc. now owns 6,694,600 shares of the basic materials company’s stock worth $59,649,000 after buying an additional 128,430 shares in the last quarter. Swiss National Bank increased its stake in shares of Eldorado Gold by 11.4% during the third quarter. Swiss National Bank now owns 448,320 shares of the basic materials company’s stock worth $4,034,000 after buying an additional 46,000 shares during the period. Finally, Gabelli Funds LLC raised its holdings in Eldorado Gold by 9.2% in the third quarter. Gabelli Funds LLC now owns 1,965,000 shares of the basic materials company’s stock valued at $17,508,000 after acquiring an additional 165,700 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Company Profile

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 mines located in Turkey; Lamaque complex 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.