Eldorado Gold Co. (NYSE:EGO) Receives $20.88 Consensus PT from Analysts

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

A number of research firms recently weighed in on EGO. StockNews.com downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. TD Securities decreased their price objective on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a report on Monday, November 4th.

Eldorado Gold Stock Down 0.5 %

Shares of EGO stock traded down $0.08 on Friday, hitting $15.97. 787,419 shares of the stock were exchanged, compared to its average volume of 765,937. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.27 billion, a P/E ratio of 11.92 and a beta of 0.93. Eldorado Gold has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The business has a 50-day moving average of $15.80 and a 200 day moving average of $16.55.

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

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors have recently bought and sold shares of EGO. Jennison Associates LLC boosted its holdings in shares of Eldorado Gold by 65.0% during the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock worth $104,777,000 after buying an additional 2,376,241 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Eldorado Gold by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company's stock worth $68,149,000 after acquiring an additional 136,900 shares during the period. Equinox Partners Investment Management LLC grew its position in shares of Eldorado Gold by 32.0% in the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock valued at $17,185,000 after purchasing an additional 239,800 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Eldorado Gold by 1.8% during the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock worth $15,783,000 after purchasing an additional 15,652 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Eldorado Gold by 22.9% during the 3rd quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock worth $11,089,000 after purchasing an additional 118,760 shares during the last quarter. Institutional investors and hedge funds 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.