Eldorado Gold Co. (NYSE:EGO) Receives Average Rating of “Hold” from Analysts

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $19.38.

Several research analysts have commented on EGO shares. Royal Bank of Canada lifted their price target on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank upped their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Finally, CIBC raised their price target 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.

Hedge Funds Weigh In On Eldorado Gold

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Eldorado Gold by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,774,270 shares of the basic materials company’s stock valued at $87,862,000 after acquiring an additional 79,670 shares during the period. Van ECK Associates Corp raised its holdings in shares of Eldorado Gold by 1.7% in the 1st quarter. Van ECK Associates Corp now owns 22,526,713 shares of the basic materials company’s stock worth $316,950,000 after buying an additional 380,991 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Eldorado Gold during the 1st quarter worth approximately $36,374,000. SG Americas Securities LLC boosted its stake in Eldorado Gold by 59.6% in the 1st quarter. SG Americas Securities LLC now owns 22,303 shares of the basic materials company’s stock valued at $314,000 after buying an additional 8,326 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in Eldorado Gold by 9.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock valued at $196,261,000 after buying an additional 1,240,732 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Price Performance

NYSE EGO opened at $16.35 on Monday. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06. The company has a fifty day simple moving average of $17.42 and a 200 day simple moving average of $16.33. 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 company has a market cap of $3.35 billion, a P/E ratio of 19.46 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. During the same quarter last year, the company earned $0.17 earnings per share. On average, sell-side analysts predict that Eldorado Gold will post 1.45 EPS for the current year.

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.