Eldorado Gold Co. (NYSE:EGO) Receives $20.00 Average Price Target from Brokerages

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

A number of equities research analysts recently issued reports on EGO shares. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Scotiabank lowered their price objective on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research note on Friday, February 7th.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. increased its position in shares of Eldorado Gold by 2.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company's stock valued at $179,942,000 after buying an additional 309,599 shares during the period. Vanguard Group Inc. increased its position in shares of Eldorado Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company's stock valued at $117,228,000 after buying an additional 136,594 shares during the period. Jennison Associates LLC increased its position in shares of Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after buying an additional 1,058,137 shares during the period. Carrhae Capital LLP increased its position in shares of Eldorado Gold by 13.9% during the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock valued at $89,826,000 after buying an additional 738,233 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Eldorado Gold by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,971,617 shares of the basic materials company's stock valued at $73,927,000 after buying an additional 74,389 shares during the period. 69.58% of the stock is currently owned by institutional investors.

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Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded up $0.54 during trading hours on Friday, hitting $14.36. 1,187,938 shares of the company's stock traded hands, compared to its average volume of 1,418,578. Eldorado Gold has a 12-month low of $11.93 and a 12-month high of $19.06. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.25 and a beta of 0.93. The company has a fifty day simple moving average of $14.81 and a 200-day simple moving average of $16.14. 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 (NYSE:EGO - Get Free Report) TSE: ELD last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The firm had revenue of $435.70 million during the quarter, compared to analyst estimates of $440.43 million. Equities research analysts anticipate that Eldorado Gold will post 1.5 EPS for the current fiscal year.

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.