Eldorado Gold (NYSE:EGO) Given New $45.00 Price Target at TD Securities

Eldorado Gold (NYSE:EGO) (TSE:ELD) had its target price decreased by TD Securities from $47.00 to $45.00 in a report issued on Tuesday,BayStreet.CA reports. TD Securities currently has a hold rating on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on EGO. National Bank Financial reaffirmed an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, November 4th. Bank of America upped their price target on Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a report on Monday, December 1st. Scotiabank raised shares of Eldorado Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, January 21st. Finally, TD Cowen dropped their price target on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.14.

Eldorado Gold Price Performance

EGO opened at $43.40 on Tuesday. Eldorado Gold has a 52-week low of $13.30 and a 52-week high of $51.16. The company has a 50 day moving average of $41.07 and a two-hundred day moving average of $32.30. The company has a market cap of $8.62 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.19 and a beta of 0.51. The company has a quick ratio of 1.46, a current ratio of 1.83 and a debt-to-equity ratio of 0.29.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. The business had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. On average, analysts expect that Eldorado Gold will post 1.5 earnings per share for the current year.

Eldorado Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Institutional Investors Weigh In On Eldorado Gold

A number of institutional investors have recently added to or reduced their stakes in EGO. Smartleaf Asset Management LLC acquired a new stake in Eldorado Gold in the 4th quarter valued at about $33,000. Flagship Harbor Advisors LLC bought a new stake in shares of Eldorado Gold in the 4th quarter worth approximately $36,000. Aventura Private Wealth LLC bought a new stake in shares of Eldorado Gold in the 4th quarter worth approximately $36,000. Wexford Capital LP acquired a new stake in Eldorado Gold during the third quarter valued at approximately $37,000. Finally, Headlands Technologies LLC bought a new stake in Eldorado Gold during the second quarter worth approximately $32,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.