Brokerages Set Eldorado Gold Co. (NYSE:EGO) Price Target at $20.00

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has earned an average recommendation of “Moderate Buy” from the four brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.00.

Several equities research analysts have issued reports on EGO shares. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank lowered their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 28th.

Institutional Investors Weigh In On Eldorado Gold

Large investors have recently made changes to their positions in the company. Jennison Associates LLC boosted its position in Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after buying an additional 1,058,137 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Eldorado Gold by 130.5% in the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company’s stock valued at $2,885,000 after acquiring an additional 94,040 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Eldorado Gold by 130.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company’s stock worth $2,607,000 after acquiring an additional 85,053 shares in the last quarter. National Bank of Canada FI grew its position in Eldorado Gold by 22.9% during the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company’s stock worth $11,089,000 after acquiring an additional 118,760 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Eldorado Gold during the 4th quarter valued at $55,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Up 0.5 %

EGO stock opened at $16.76 on Thursday. Eldorado Gold has a twelve month low of $13.29 and a twelve month high of $19.06. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.43 billion, a PE ratio of 11.97 and a beta of 1.11. The business’s 50-day simple moving average is $14.87 and its 200 day simple moving average is $15.93.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, research analysts anticipate that Eldorado Gold will post 1.5 earnings per share 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.