Eldorado Gold Co. (NYSE:EGO) Receives $20.50 Average PT from Analysts

Shares of Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD have been assigned an average recommendation of "Hold" from the three brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.00.

A number of research analysts have commented on EGO shares. TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research report on Monday, November 4th. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Scotiabank lowered their price target on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a research report on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in Eldorado Gold during the 3rd quarter valued at approximately $32,000. Blue Trust Inc. boosted its stake in shares of Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after buying an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Eldorado Gold in the 3rd quarter worth $36,000. SBI Securities Co. Ltd. purchased a new position in shares of Eldorado Gold in the 4th quarter worth $55,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Eldorado Gold during the fourth quarter valued at about $113,000. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Trading Down 0.7 %

EGO traded down $0.10 during midday trading on Wednesday, reaching $13.92. 2,278,773 shares of the company's stock traded hands, compared to its average volume of 1,906,451. The firm has a fifty day moving average of $15.41 and a two-hundred day moving average of $16.42. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 10.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06.

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.