Eldorado Gold Co. (NYSE:EGO) Receives $20.88 Consensus Target Price from Analysts

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.88.

Several research firms have recently weighed in on EGO. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada lifted 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. Scotiabank boosted their price objective on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, TD Securities cut their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th.

Eldorado Gold Stock Down 0.6 %

Eldorado Gold stock opened at $16.56 on Friday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 12.36 and a beta of 0.95. The business’s 50-day moving average price is $17.15 and its 200 day moving average price is $16.49. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $331.76 million for the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter in the prior year, the company posted $0.17 EPS. As a group, sell-side analysts anticipate that Eldorado Gold will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EGO. Financial Management Professionals Inc. acquired a new stake in shares of Eldorado Gold in the third quarter valued at approximately $32,000. Blue Trust Inc. raised its holdings in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Eldorado Gold during the third quarter worth $36,000. Point72 DIFC Ltd purchased a new position in Eldorado Gold during the second quarter worth $74,000. Finally, Tobam increased its position in Eldorado Gold by 14.8% during the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after buying an additional 651 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.