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

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.88.

A number of research firms recently commented on EGO. TD Securities dropped 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 report on Monday, November 4th. StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

Eldorado Gold Trading Down 0.5 %

NYSE EGO opened at $15.97 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The firm’s fifty day moving average price is $15.81 and its 200 day moving average price is $16.53. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 11.92 and a beta of 0.93. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06.

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

Institutional Trading of Eldorado Gold

Several hedge funds and other institutional investors have recently made changes to their positions in EGO. Financial Management Professionals Inc. purchased a new stake in shares of Eldorado Gold in the third quarter valued at about $32,000. Blue Trust Inc. boosted its holdings in shares of Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Eldorado Gold in the third quarter valued at about $36,000. Point72 DIFC Ltd purchased a new stake in shares of Eldorado Gold in the second quarter valued at about $74,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Eldorado Gold in the second quarter valued at about $97,000. Hedge funds and other 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.