Eldorado Gold Corporation (NYSE:EGO) Given Consensus Rating of “Hold” by Analysts

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $43.7143.

EGO has been the subject of a number of analyst reports. Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price target for the company. in a research note on Tuesday, February 17th. TD Securities cut their price objective on Eldorado Gold from $47.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, February 24th. Bank of America raised their target price on shares of Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a research note on Monday, December 1st. Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, February 20th.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds have recently bought and sold shares of EGO. Smartleaf Asset Management LLC acquired a new position in Eldorado Gold during the fourth quarter worth approximately $33,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $36,000. Aventura Private Wealth LLC bought a new position in shares of Eldorado Gold during the 4th quarter worth approximately $36,000. Wexford Capital LP bought a new position in shares of Eldorado Gold during the 3rd quarter worth approximately $37,000. Finally, Headlands Technologies LLC acquired a new position in shares of Eldorado Gold during the 2nd quarter worth approximately $32,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Trading Up 2.2%

Eldorado Gold stock opened at $37.59 on Thursday. The firm has a 50-day moving average of $42.65 and a 200-day moving average of $34.14. Eldorado Gold has a one year low of $14.96 and a one year high of $51.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.13 and a beta of 0.51.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. The company had revenue of $575.14 million during the quarter, compared to analyst estimates of $500.42 million. On average, equities analysts expect that Eldorado Gold will post 1.5 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.075 per share. The ex-dividend date was Friday, February 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. Eldorado Gold’s payout ratio is currently 12.10%.

About Eldorado Gold

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.