Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD had its target price lowered by stock analysts at TD Securities from $20.00 to $19.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "hold" rating on the basic materials company's stock. TD Securities' price objective points to a potential upside of 15.43% from the stock's current price.
EGO has been the topic of a number of other reports. Royal Bank of Canada increased their price target on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank increased their price target on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Monday, August 19th. Finally, CIBC increased their price target on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an "outperformer" rating in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.88.
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Eldorado Gold Price Performance
Shares of EGO stock traded up $0.12 during trading on Monday, hitting $16.46. The company had a trading volume of 1,625,641 shares, compared to its average volume of 1,520,104. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average is $17.42 and its two-hundred day moving average is $16.35. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 12.28 and a beta of 0.95. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $331.76 million for the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.75%. During the same quarter last year, the company posted $0.17 earnings per share. As a group, analysts predict that Eldorado Gold will post 1.45 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its holdings in shares of Eldorado Gold by 130.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company's stock worth $890,000 after purchasing an additional 35,820 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Eldorado Gold in the second quarter worth $2,238,000. Maverick Capital Ltd. purchased a new stake in Eldorado Gold in the second quarter worth $1,256,000. Gabelli Funds LLC lifted its stake in Eldorado Gold by 2.8% in the first quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company's stock worth $28,421,000 after acquiring an additional 55,000 shares during the period. Finally, Equinox Partners Investment Management LLC lifted its stake in Eldorado Gold by 32.0% in the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock worth $17,185,000 after acquiring an additional 239,800 shares during the period. Institutional investors own 69.58% of the company's stock.
Eldorado Gold Company Profile
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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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