Shares of Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD gapped down before the market opened on Thursday . The stock had previously closed at $15.79, but opened at $14.50. Eldorado Gold shares last traded at $14.10, with a volume of 804,633 shares.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on EGO shares. Scotiabank reduced their price objective on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a report on Friday. TD Securities dropped their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Eldorado Gold has a consensus rating of "Moderate Buy" and an average target price of $20.00.
Get Our Latest Stock Report on Eldorado Gold
Eldorado Gold Price Performance
The company's 50 day simple moving average is $15.41 and its 200 day simple moving average is $16.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The stock has a market cap of $2.97 billion, a P/E ratio of 10.83 and a beta of 0.93.
Institutional Investors Weigh In On Eldorado Gold
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in shares of Eldorado Gold in the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted its holdings in Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Eldorado Gold during the 3rd quarter worth about $36,000. SBI Securities Co. Ltd. bought a new position in shares of Eldorado Gold during the fourth quarter worth approximately $55,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Eldorado Gold during the 4th quarter worth $113,000. Institutional investors and hedge funds own 69.58% of the company's stock.
About Eldorado Gold
(
Get Free Report)
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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