Analysts Set Eldorado Gold Co. (NYSE:EGO) Price Target at $20.88

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD has earned an average recommendation of "Hold" from the five brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.88.

A number of equities research analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. TD Securities reduced their target price on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. StockNews.com downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Scotiabank upped their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Monday, August 19th.

Institutional Investors Weigh In On Eldorado Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. Tobam lifted its stake in shares of Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company's stock worth $74,000 after buying an additional 651 shares during the last quarter. Blue Trust Inc. boosted its holdings in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 1,336 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Eldorado Gold in the third quarter valued at about $32,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Eldorado Gold by 4.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,980 shares of the basic materials company's stock worth $679,000 after purchasing an additional 1,858 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Eldorado Gold during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Stock Down 0.1 %

Shares of EGO traded down $0.02 during mid-day trading on Tuesday, hitting $15.95. 950,517 shares of the company's stock were exchanged, compared to its average volume of 1,486,247. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 11.90 and a beta of 0.93. The stock's 50-day moving average is $16.68 and its 200-day moving average is $16.55. Eldorado Gold has a fifty-two week low of $9.72 and a fifty-two week high of $19.06.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, sell-side analysts anticipate that Eldorado Gold will post 1.42 earnings per share for the current fiscal year.

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.