Eldorado Gold Corporation (NYSE:EGO) Receives Average Rating of “Moderate Buy” from Analysts

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $32.80.

EGO has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $54.00 price objective on shares of Eldorado Gold in a report on Wednesday, February 4th. Scotiabank raised Eldorado Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 26th. Bank of America upped their price target on Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a report on Monday, December 1st. Finally, Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd.

Eldorado Gold Stock Up 5.0%

Shares of EGO opened at $47.42 on Friday. The stock has a market capitalization of $9.42 billion, a PE ratio of 26.35, a P/E/G ratio of 0.21 and a beta of 0.51. Eldorado Gold has a 1 year low of $13.29 and a 1 year high of $51.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.28 and a current ratio of 2.79. The company’s 50-day simple moving average is $39.43 and its 200-day simple moving average is $31.08.

Eldorado Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC increased its stake in Eldorado Gold by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 318 shares in the last quarter. Savant Capital LLC increased its position in shares of Eldorado Gold by 2.7% in the fourth quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock valued at $508,000 after buying an additional 371 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Eldorado Gold by 0.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock worth $1,794,000 after buying an additional 582 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Eldorado Gold by 35.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after buying an additional 587 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in Eldorado Gold by 7.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 9,693 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 687 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Eldorado Gold

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.