Eldorado Gold (NYSE:EGO) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other equities analysts have also recently weighed in on EGO. CIBC upped their price objective on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. National Bank Financial reiterated an outperform spec overweight rating on shares of Eldorado Gold in a research note on Monday, April 8th. TD Securities decreased their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a hold rating for the company in a research report on Monday, February 26th. Stifel Canada lowered Eldorado Gold from a buy rating to a hold rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus reissued a hold rating on shares of Eldorado Gold in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $13.30.

Eldorado Gold Stock Performance

Eldorado Gold stock traded down $0.33 during trading hours on Friday, reaching $14.31. 1,258,314 shares of the stock were exchanged, compared to its average volume of 1,749,464. The stock has a market cap of $2.92 billion, a P/E ratio of 25.11, a P/E/G ratio of 4.90 and a beta of 1.12. The firm’s 50 day moving average is $13.65 and its 200 day moving average is $12.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.52 and a current ratio of 3.50. Eldorado Gold has a 52-week low of $8.30 and a 52-week high of $16.07.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Friday, April 26th. The basic materials company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. The firm had revenue of $257.97 million for the quarter. During the same quarter last year, the company posted $0.11 EPS. Analysts predict that Eldorado Gold will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EGO. Parkside Financial Bank & Trust acquired a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. bought a new stake in Eldorado Gold in the 4th quarter valued at approximately $37,000. Tobam bought a new position in shares of Eldorado Gold during the 4th quarter worth approximately $68,000. Atria Wealth Solutions Inc. acquired a new position in Eldorado Gold during the third quarter worth $89,000. Finally, Aigen Investment Management LP bought a new position in Eldorado Gold in the fourth quarter valued at $134,000. Institutional investors and hedge funds 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.