StockNews.com cut shares of Eldorado Gold (NYSE:EGO - Free Report) TSE: ELD from a buy rating to a hold rating in a research note issued to investors on Wednesday.
Several other equities analysts have also issued reports on EGO. Scotiabank reduced their price target on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $19.75.
Check Out Our Latest Stock Analysis on EGO
Eldorado Gold Price Performance
EGO traded down $0.52 during midday trading on Wednesday, hitting $15.64. The stock had a trading volume of 1,625,480 shares, compared to its average volume of 1,528,749. Eldorado Gold has a 1 year low of $13.29 and a 1 year 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. The business has a fifty day moving average of $15.10 and a 200 day moving average of $15.91. The company has a market cap of $3.21 billion, a P/E ratio of 11.16 and a beta of 0.81.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities analysts forecast that Eldorado Gold will post 1.5 earnings per share for the current fiscal year.
Institutional Trading of Eldorado Gold
Several large investors have recently added to or reduced their stakes in the stock. ANTIPODES PARTNERS Ltd boosted its stake in shares of Eldorado Gold by 648.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock valued at $39,408,000 after purchasing an additional 2,296,018 shares in the last quarter. Jennison Associates LLC boosted its position in Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after acquiring an additional 1,058,137 shares in the last quarter. Carrhae Capital LLP grew its holdings in shares of Eldorado Gold by 13.9% during the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock worth $89,826,000 after acquiring an additional 738,233 shares during the period. Wellington Management Group LLP bought a new position in shares of Eldorado Gold in the 4th quarter worth approximately $6,973,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Eldorado Gold by 231.7% in the 4th quarter. BNP Paribas Financial Markets now owns 550,876 shares of the basic materials company's stock valued at $8,192,000 after purchasing an additional 384,793 shares during the period. Institutional investors own 69.58% of the company's stock.
Eldorado Gold Company Profile
(
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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.
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