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

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has received an average recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $20.88.

A number of brokerages have issued reports on EGO. StockNews.com cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities dropped their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th.

Institutional Trading of Eldorado Gold

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in Eldorado Gold in the second quarter valued at about $912,000. Headlands Technologies LLC purchased a new stake in shares of Eldorado Gold during the 2nd quarter valued at about $97,000. Dimensional Fund Advisors LP lifted its stake in shares of Eldorado Gold by 3.1% in 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 during the period. XTX Topco Ltd boosted its holdings in shares of Eldorado Gold by 30.8% in the second quarter. XTX Topco Ltd now owns 16,450 shares of the basic materials company’s stock worth $243,000 after buying an additional 3,876 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Eldorado Gold by 6,023.2% during the second quarter. EverSource Wealth Advisors LLC now owns 18,186 shares of the basic materials company’s stock valued at $269,000 after buying an additional 17,889 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Down 3.9 %

NYSE:EGO opened at $15.34 on Friday. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06. The company has a market capitalization of $3.14 billion, a PE ratio of 11.45 and a beta of 0.94. The firm’s 50-day moving average price is $15.78 and its 200-day moving average price is $16.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The business had revenue of $331.76 million during the quarter. During the same period in the prior year, the business posted $0.17 EPS. On average, equities analysts predict that Eldorado Gold will post 1.42 EPS for the current fiscal year.

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.