Brokerages Set Eldorado Gold Co. (NYSE:EGO) Target Price at $19.38

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD has received an average rating of "Hold" from the five research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.38.

EGO has been the subject of several analyst reports. CIBC increased their price objective on Eldorado Gold from $18.00 to $22.50 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Monday, July 1st. Royal Bank of Canada increased their price objective on Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, Scotiabank increased their price objective on Eldorado Gold from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Monday, August 19th.

Institutional Investors Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. acquired a new stake in Eldorado Gold during the 3rd quarter worth about $32,000. Blue Trust Inc. boosted its stake in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after acquiring an additional 1,336 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Eldorado Gold during the 2nd quarter worth about $74,000. Tobam boosted its stake in shares of 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 acquiring an additional 651 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Eldorado Gold during the 2nd quarter worth about $97,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Stock Down 1.4 %

Eldorado Gold stock traded down $0.24 during mid-day trading on Monday, reaching $17.14. 1,340,314 shares of the company were exchanged, compared to its average volume of 1,505,370. The business has a fifty day moving average of $17.45 and a 200 day moving average of $16.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62. The firm has a market cap of $3.51 billion, a P/E ratio of 30.06 and a beta of 0.95. Eldorado Gold has a 12-month low of $9.72 and a 12-month high of $19.06.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The company had revenue of $297.14 million during the quarter. During the same quarter in the prior year, the company earned $0.09 EPS. Research analysts anticipate that Eldorado Gold will post 1.42 earnings per share for the current fiscal year.

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.