Eldorado Gold (NYSE:EGO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Eldorado Gold (NYSE:EGO - Free Report) TSE: ELD from a hold rating to a buy rating in a research note issued to investors on Friday.

A number of other research analysts have also issued reports on the stock. Scotiabank cut their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research note on Friday. TD Securities cut their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Eldorado Gold Stock Performance

Eldorado Gold stock traded up $0.05 during mid-day trading on Friday, reaching $14.55. 857,224 shares of the company traded hands, compared to its average volume of 1,776,035. 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 fifty-two week low of $9.72 and a fifty-two week high of $19.06. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.85 and a beta of 0.93. The firm's fifty day moving average is $15.38 and its two-hundred day moving average is $16.41.

Institutional Trading of Eldorado Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new position in Eldorado Gold during the fourth quarter valued at $254,000. Sei Investments Co. purchased a new position in Eldorado Gold during the fourth quarter valued at $1,088,000. Boston Partners lifted its holdings in Eldorado Gold by 3.8% during the fourth quarter. Boston Partners now owns 1,777,646 shares of the basic materials company's stock valued at $26,456,000 after purchasing an additional 64,528 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in Eldorado Gold by 648.7% during the fourth 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. Finally, Swiss National Bank lifted its stake in shares of Eldorado Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock worth $6,000,000 after buying an additional 2,500 shares in 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.