Shares of Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD gapped down prior to trading on Monday . The stock had previously closed at $16.65, but opened at $15.98. Eldorado Gold shares last traded at $15.96, with a volume of 472,051 shares trading hands.
Analyst Ratings Changes
Several research analysts recently weighed in on EGO shares. 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 research report on Tuesday, September 10th. TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. StockNews.com lowered Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Scotiabank lifted their target price on Eldorado Gold from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Monday, August 19th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Eldorado Gold has a consensus rating of "Hold" and an average target price of $20.88.
Check Out Our Latest Research Report on EGO
Eldorado Gold Stock Down 7.5 %
The firm has a market cap of $3.16 billion, a PE ratio of 12.43 and a beta of 0.95. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $17.32 and a 200-day moving average price of $16.41.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same period last year, the firm posted $0.17 earnings per share. Research analysts forecast that Eldorado Gold Co. will post 1.41 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of EGO. Jennison Associates LLC increased its position in shares of Eldorado Gold by 65.0% during the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock worth $104,777,000 after purchasing an additional 2,376,241 shares in the last quarter. Donald Smith & CO. Inc. grew its position in shares of Eldorado Gold by 9.8% during the first quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company's stock worth $196,261,000 after acquiring an additional 1,240,732 shares during the last quarter. Tidal Investments LLC acquired a new stake in Eldorado Gold during the 1st quarter worth $11,431,000. Commonwealth Equity Services LLC purchased a new position in Eldorado Gold during the 2nd quarter worth $6,992,000. Finally, Jessup Wealth Management Inc acquired a new position in Eldorado Gold in the second quarter valued at $6,910,000. 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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