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

Shares of Eldorado Gold Co. (NYSE:EGOGet Free Report) (TSE:ELD) have been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $20.88.

Several research analysts have commented on EGO shares. Royal Bank of Canada boosted their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. TD Securities cut their target price on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Scotiabank upped their price target on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Finally, StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Get Our Latest Stock Report on Eldorado Gold

Hedge Funds Weigh In On Eldorado Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC boosted its holdings in shares of Eldorado Gold by 65.0% in the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock worth $104,777,000 after acquiring an additional 2,376,241 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Eldorado Gold by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock worth $68,149,000 after purchasing an additional 136,900 shares in the last quarter. Equinox Partners Investment Management LLC boosted its stake in Eldorado Gold by 32.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after purchasing an additional 239,800 shares during the period. Tidal Investments LLC grew its holdings in Eldorado Gold by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company’s stock valued at $15,783,000 after buying an additional 15,652 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Eldorado Gold by 22.9% during the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company’s stock valued at $11,089,000 after buying an additional 118,760 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

NYSE:EGO opened at $15.98 on Tuesday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 11.92 and a beta of 0.93. Eldorado Gold has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock has a fifty day moving average price of $16.70 and a 200-day moving average price of $16.55.

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) last announced its quarterly earnings data 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 firm had revenue of $331.76 million for the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same quarter in the previous year, the company earned $0.17 earnings per share. As a group, equities analysts anticipate that Eldorado Gold will post 1.42 EPS for the current fiscal year.

Eldorado Gold Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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