Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD's stock price gapped up prior to trading on Wednesday . The stock had previously closed at $15.63, but opened at $16.50. Eldorado Gold shares last traded at $16.38, with a volume of 324,142 shares traded.
Analysts Set New Price Targets
Several research firms have recently weighed in on EGO. Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday. Scotiabank increased their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average target price of $20.38.
Check Out Our Latest Stock Analysis on EGO
Eldorado Gold Trading Down 0.1 %
The firm has a market capitalization of $3.97 billion, a P/E ratio of 13.80 and a beta of 0.81. The stock's 50-day simple moving average is $15.33 and its two-hundred day simple moving average is $15.88. 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 (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. Equities research analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. boosted its position in shares of Eldorado Gold by 26.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after acquiring an additional 682 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Eldorado Gold by 0.3% in the 4th quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock worth $3,737,000 after purchasing an additional 804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Eldorado Gold by 0.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company's stock valued at $2,664,000 after purchasing an additional 1,174 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Eldorado Gold by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock valued at $496,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Swiss National Bank increased its holdings 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 purchasing an additional 2,500 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.
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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