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

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.90.

EGO has been the topic of several recent analyst reports. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Stifel Nicolaus restated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. TD Securities cut their price target on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a report on Monday, February 26th. CIBC boosted their price target on Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th.

Eldorado Gold Stock Performance

EGO stock opened at $14.96 on Thursday. The business’s 50-day moving average price is $12.83 and its two-hundred day moving average price is $12.04. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.05 billion, a PE ratio of 28.22, a P/E/G ratio of 6.37 and a beta of 1.10. Eldorado Gold has a 1-year low of $8.30 and a 1-year high of $16.01.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $306.90 million for the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. As a group, research analysts forecast that Eldorado Gold will post 0.77 earnings per share for the current year.

Institutional Trading of Eldorado Gold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Profund Advisors LLC raised its holdings in Eldorado Gold by 6.7% during the fourth quarter. Profund Advisors LLC now owns 16,243 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 1,015 shares in the last quarter. Shell Asset Management Co. raised its holdings in Eldorado Gold by 8.2% during the third quarter. Shell Asset Management Co. now owns 15,900 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 1,200 shares in the last quarter. UBS Group AG raised its holdings in Eldorado Gold by 2.2% during the first quarter. UBS Group AG now owns 60,485 shares of the basic materials company’s stock worth $627,000 after acquiring an additional 1,322 shares in the last quarter. Bank of Nova Scotia raised its holdings in Eldorado Gold by 10.2% during the third quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 1,343 shares in the last quarter. Finally, Credit Suisse AG increased its position in Eldorado Gold by 0.9% during the fourth quarter. Credit Suisse AG now owns 152,298 shares of the basic materials company’s stock worth $1,273,000 after buying an additional 1,368 shares during the last quarter. 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.