Eldorado Gold (NYSE:EGO) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a hold rating to a buy rating in a research note released on Friday.

A number of other research analysts have also recently commented on EGO. Stifel Nicolaus reiterated a hold rating on shares of Eldorado Gold in a research note on Friday, January 26th. TD Securities dropped their price target on Eldorado Gold from $14.50 to $13.00 and set a hold rating for the company in a research note on Monday, February 26th. Stifel Canada cut Eldorado Gold from a buy rating to a hold rating in a research note on Friday, January 26th. CIBC increased their price target on Eldorado Gold from $16.50 to $18.00 and gave the company an outperform rating in a research note on Wednesday, February 7th. Finally, National Bank Financial reiterated an outperform spec overweight rating on shares of Eldorado Gold in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $13.30.

Eldorado Gold Stock Up 2.8 %

NYSE EGO opened at $15.20 on Friday. The business has a fifty day moving average price of $13.30 and a two-hundred day moving average price of $12.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.39 and a quick ratio of 2.53. Eldorado Gold has a fifty-two week low of $8.30 and a fifty-two week high of $16.07. The stock has a market capitalization of $3.10 billion, a PE ratio of 26.66, a PEG ratio of 6.59 and a beta of 1.10.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released 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. Eldorado Gold had a return on equity of 4.52% and a net margin of 11.43%. The firm had revenue of $306.90 million during the quarter. Equities analysts expect that Eldorado Gold will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eldorado Gold

A number of hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust bought a new position in shares of Eldorado Gold in the 4th quarter worth about $35,000. C M Bidwell & Associates Ltd. bought a new position in shares of Eldorado Gold during the 4th quarter worth approximately $37,000. Tobam bought a new stake in shares of Eldorado Gold in the 4th quarter valued at $68,000. Atria Wealth Solutions Inc. acquired a new position in shares of Eldorado Gold during the 3rd quarter valued at $89,000. Finally, Bank of Nova Scotia boosted its stake 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. Institutional investors own 69.58% of the company’s stock.

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.