Eldorado Gold (NYSE:EGO) Hits New 12-Month High at $18.66

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD's share price hit a new 52-week high on Thursday . The company traded as high as $18.66 and last traded at $18.66, with a volume of 26986 shares. The stock had previously closed at $18.28.

Analyst Upgrades and Downgrades

EGO has been the topic of a number of research reports. CIBC boosted their target price on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Monday, July 1st. Royal Bank of Canada boosted their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Scotiabank boosted their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Eldorado Gold has a consensus rating of "Hold" and a consensus price target of $19.38.

Eldorado Gold Price Performance

The stock has a market cap of $3.78 billion, a P/E ratio of 32.63 and a beta of 0.95. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. The company's fifty day simple moving average is $16.96 and its 200-day simple moving average is $15.66.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $297.14 million for the quarter. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. During the same period last year, the firm earned $0.09 EPS. As a group, sell-side analysts forecast that Eldorado Gold Co. will post 1.4 EPS for the current year.

Institutional Investors Weigh In On Eldorado Gold

Several large investors have recently made changes to their positions in the company. Tobam lifted its position in Eldorado Gold by 14.8% during the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company's stock worth $74,000 after buying an additional 651 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Eldorado Gold by 4.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,980 shares of the basic materials company's stock worth $679,000 after buying an additional 1,858 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Eldorado Gold by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company's stock worth $2,499,000 after buying an additional 2,472 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Eldorado Gold during the 4th quarter worth about $37,000. Finally, XTX Topco Ltd lifted its position in Eldorado Gold by 30.8% during the 2nd quarter. XTX Topco Ltd now owns 16,450 shares of the basic materials company's stock worth $243,000 after buying an additional 3,876 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

About Eldorado Gold

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.