Eldorado Gold Corporation (NYSE:EGO) Given Average Rating of “Hold” by Brokerages

Shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) have been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $44.50.

A number of research analysts recently weighed in on the company. Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. TD Cowen cut their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective on the stock. in a research note on Tuesday, February 17th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded Eldorado Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th.

Eldorado Gold Stock Down 1.4%

Shares of EGO stock opened at $33.36 on Tuesday. The stock’s 50 day simple moving average is $33.28 and its 200 day simple moving average is $36.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.18 and a current ratio of 1.62. Eldorado Gold has a twelve month low of $19.56 and a twelve month high of $51.16. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.20 and a beta of 0.56.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The business had revenue of $532.43 million for the quarter, compared to the consensus estimate of $503.31 million. As a group, research analysts predict that Eldorado Gold will post 4.27 EPS for the current year.

Eldorado Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Eldorado Gold’s payout ratio is currently 10.68%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EGO. Headlands Technologies LLC bought a new position in Eldorado Gold in the 2nd quarter worth approximately $32,000. Smartleaf Asset Management LLC bought a new position in Eldorado Gold in the 4th quarter worth approximately $33,000. Aventura Private Wealth LLC bought a new position in Eldorado Gold in the 4th quarter worth approximately $36,000. Flagship Harbor Advisors LLC bought a new position in Eldorado Gold in the 4th quarter worth approximately $36,000. Finally, Wexford Capital LP bought a new position in Eldorado Gold in the 3rd quarter worth approximately $37,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Company Profile

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.