Eldorado Gold (NYSE:EGO) Trading 5.1% Higher - What's Next?

Shares of Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD shot up 5.1% during trading on Tuesday . The company traded as high as $16.58 and last traded at $16.52. 338,754 shares changed hands during trading, a decline of 76% from the average session volume of 1,413,961 shares. The stock had previously closed at $15.71.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Finally, Scotiabank dropped their price objective on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Eldorado Gold presently has an average rating of "Moderate Buy" and an average target price of $20.00.

Eldorado Gold Trading Up 0.5 %

The stock's 50-day moving average price is $14.87 and its 200 day moving average price is $15.93. 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 firm has a market capitalization of $3.43 billion, a PE ratio of 11.97 and a beta of 1.11.

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Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. On average, sell-side analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.

Institutional Trading of Eldorado Gold

Several institutional investors and hedge funds have recently made changes to their positions in EGO. Donald Smith & CO. Inc. increased its position in Eldorado Gold by 2.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company's stock valued at $179,942,000 after purchasing an additional 309,599 shares during the period. Vanguard Group Inc. boosted its stake in shares of Eldorado Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company's stock valued at $117,228,000 after purchasing an additional 136,594 shares in the last quarter. Jennison Associates LLC increased its holdings in Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after buying an additional 1,058,137 shares during the period. Carrhae Capital LLP raised its stake in Eldorado Gold by 13.9% in the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company's stock worth $89,826,000 after buying an additional 738,233 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Eldorado Gold by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,971,617 shares of the basic materials company's stock worth $73,927,000 after buying an additional 74,389 shares during the period. 69.58% of the stock is currently owned by institutional investors.

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.