Eldorado Gold (NYSE:EGO) Trading Up 3.2%

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) traded up 3.2% during mid-day trading on Tuesday . The company traded as high as $18.09 and last traded at $17.93. 348,825 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,507,560 shares. The stock had previously closed at $17.37.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. CIBC increased their target price on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Finally, Scotiabank increased their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.38.

Eldorado Gold Trading Up 1.5 %

The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.61 billion, a P/E ratio of 30.47 and a beta of 0.95. The business’s fifty day simple moving average is $17.04 and its 200 day simple moving average is $15.80.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. The business had revenue of $297.14 million during the quarter. During the same period in the prior year, the business earned $0.09 EPS. As a group, analysts expect that Eldorado Gold Co. will post 1.4 EPS for the current year.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. acquired a new position in Eldorado Gold during the 4th quarter valued at about $37,000. Tobam grew its holdings in Eldorado Gold by 14.8% during the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 651 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Eldorado Gold during the 2nd quarter valued at $74,000. Headlands Technologies LLC acquired a new position in shares of Eldorado Gold in the 2nd quarter valued at $97,000. Finally, Virtu Financial LLC acquired a new position in Eldorado Gold in the first quarter valued at about $165,000. Institutional investors own 69.58% of the company’s stock.

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.