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

Eldorado Gold Co. (NYSE:EGOGet Free Report) (TSE:ELD) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $19.38.

EGO has been the topic of several research reports. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Royal Bank of Canada upped their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank boosted their price objective on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Finally, CIBC upped their price objective on Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th.

Read Our Latest Research Report on Eldorado Gold

Institutional Investors Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new position in Eldorado Gold during the 3rd quarter valued at $32,000. Blue Trust Inc. boosted its stake in shares of Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares during the period. Tobam boosted its stake in shares of Eldorado Gold by 14.8% during the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 651 shares during the period. Point72 DIFC Ltd bought a new position in shares of Eldorado Gold in the second quarter worth about $74,000. Finally, Headlands Technologies LLC purchased a new position in Eldorado Gold in the 2nd quarter worth about $97,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Trading Down 3.4 %

Shares of Eldorado Gold stock opened at $17.38 on Monday. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 20.69 and a beta of 0.95. Eldorado Gold has a twelve month low of $9.72 and a twelve month high of $19.06. The business has a 50-day moving average price of $17.47 and a 200-day moving average price of $16.27.

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $297.14 million for the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same period in the previous year, the firm earned $0.09 EPS. Equities research analysts anticipate that Eldorado Gold will post 1.42 EPS for the current fiscal year.

Eldorado Gold Company Profile

(Get Free Report

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.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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