Analysts Set Eldorado Gold Corporation (NYSE:EGO) Target Price at $41.83

Shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $41.8333.

Several research analysts recently issued reports on EGO shares. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, April 15th. Citigroup lowered shares of Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. TD Cowen decreased their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Finally, Royal Bank Of Canada lowered their target price on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th.

Eldorado Gold Price Performance

EGO opened at $27.94 on Wednesday. The stock has a fifty day simple moving average of $31.65 and a two-hundred day simple moving average of $36.19. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.16 and a beta of 0.62. Eldorado Gold has a 12-month low of $19.70 and a 12-month high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The business had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million. Research analysts predict that Eldorado Gold will post 3.92 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC purchased a new position in shares of Eldorado Gold in the 4th quarter worth about $33,000. Flagship Harbor Advisors LLC bought a new position in Eldorado Gold in the 4th quarter worth about $36,000. Aventura Private Wealth LLC purchased a new stake in Eldorado Gold during the 4th quarter valued at about $36,000. Wexford Capital LP purchased a new stake in Eldorado Gold during the 3rd quarter valued at about $37,000. Finally, Headlands Technologies LLC bought a new stake in Eldorado Gold during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Company Profile

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.