Eldorado Gold Co. (NYSE:EGO) Given Average Recommendation of "Hold" by Brokerages

Shares of Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD have received a consensus recommendation of "Hold" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.88.

A number of research analysts recently issued reports on EGO shares. StockNews.com cut Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Scotiabank lifted their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Royal Bank of Canada lifted their price target on Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, TD Securities cut their price target 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 Price Performance

Shares of NYSE EGO traded down $0.10 during midday trading on Friday, reaching $16.56. 806,723 shares of the company traded hands, compared to its average volume of 1,529,306. The firm has a market cap of $3.39 billion, a PE ratio of 12.43 and a beta of 0.95. The stock's 50-day simple moving average is $17.18 and its 200-day simple moving average is $16.46. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

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 (EPS) 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 period in the previous year, the business posted $0.17 earnings per share. As a group, equities analysts anticipate that Eldorado Gold will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in Eldorado Gold during the 3rd quarter worth about $32,000. Blue Trust Inc. grew its position in shares of Eldorado Gold by 232.8% during 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 period. Banque Cantonale Vaudoise acquired a new position in shares of Eldorado Gold during the 3rd quarter worth about $36,000. Point72 DIFC Ltd acquired a new position in shares of Eldorado Gold during the 2nd quarter worth about $74,000. Finally, Tobam grew its position in shares of Eldorado Gold by 14.8% during the 2nd 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 period. 69.58% of the stock is owned by institutional investors.

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.