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

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have earned a consensus recommendation of “Hold” from the three analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.50.

Several research analysts recently commented on the stock. TD Securities decreased 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 note on Monday, November 4th. StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Scotiabank dropped their target price on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating for the company in a report on Tuesday, January 21st.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds have recently added to or reduced their stakes in EGO. CIBC Asset Management Inc lifted its stake in shares of Eldorado Gold by 0.3% in the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock worth $3,737,000 after buying an additional 804 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Eldorado Gold by 232.8% in the 3rd 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 in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Eldorado Gold in the third quarter worth $32,000. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold during the third quarter valued at $36,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Eldorado Gold by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company’s stock valued at $2,499,000 after acquiring an additional 2,472 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $15.54 on Wednesday. The firm has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $16.46. 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 twelve month low of $9.72 and a twelve month high of $19.06. The company has a market capitalization of $3.18 billion, a PE ratio of 11.59 and a beta of 0.93.

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.