Analysts Set Eldorado Gold Co. (NYSE:EGO) PT at $19.38

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have earned a consensus rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.38.

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their target price on Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. CIBC lifted their price objective on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Finally, Scotiabank lifted their price objective on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th.

Eldorado Gold Trading Down 0.3 %

Shares of Eldorado Gold stock opened at $17.96 on Monday. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06. The firm has a market cap of $3.68 billion, a PE ratio of 31.51 and a beta of 0.95. The stock has a fifty day moving average price of $17.45 and a 200-day moving average price of $16.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.62 and a quick ratio of 2.65.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tobam boosted its stake in Eldorado Gold by 14.8% in the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 651 shares during the period. Blue Trust Inc. boosted its position in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,336 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Eldorado Gold during the 3rd quarter valued at about $32,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Eldorado Gold by 4.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,980 shares of the basic materials company’s stock valued at $679,000 after acquiring an additional 1,858 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Eldorado Gold by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company’s stock valued at $2,499,000 after acquiring an additional 2,472 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Company Profile

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.