Eldorado Gold Co. (NYSE:EGO) Given Average Recommendation of “Hold” by Brokerages

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.60.

A number of brokerages have recently weighed in on EGO. Scotiabank boosted their price target on Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. TD Securities reduced their price objective on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Monday, February 26th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, Royal Bank of Canada upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $20.00 in a research report on Wednesday, May 29th.

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Eldorado Gold during the first quarter worth about $165,000. Tidal Investments LLC acquired a new stake in shares of Eldorado Gold in the 1st quarter valued at $11,431,000. Invenomic Capital Management LP grew its stake in shares of Eldorado Gold by 28.1% during the first quarter. Invenomic Capital Management LP now owns 1,738,044 shares of the basic materials company’s stock worth $24,454,000 after purchasing an additional 380,982 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Eldorado Gold by 2.8% during the 1st quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company’s stock worth $28,421,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Eldorado Gold by 18.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 148,520 shares of the basic materials company’s stock valued at $2,090,000 after acquiring an additional 23,500 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Trading Up 0.1 %

NYSE EGO opened at $15.02 on Tuesday. Eldorado Gold has a 52 week low of $8.30 and a 52 week high of $16.69. The company has a 50 day moving average price of $15.20 and a 200 day moving average price of $13.55. The company has a quick ratio of 2.52, a current ratio of 3.50 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.07 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $257.97 million for the quarter. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, sell-side analysts forecast that Eldorado Gold will post 1.09 EPS for the current fiscal year.

About Eldorado Gold

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.