Eldorado Gold (NYSE:EGO) Upgraded at StockNews.com

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Other equities analysts have also issued reports about the company. TD Securities reduced their price target on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Scotiabank decreased their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

Eldorado Gold Price Performance

Shares of EGO stock traded down $0.25 during trading hours on Friday, hitting $13.53. 673,036 shares of the company's stock were exchanged, compared to its average volume of 1,832,551. The company has a market capitalization of $2.77 billion, a PE ratio of 9.67 and a beta of 0.93. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 12-month low of $10.93 and a 12-month high of $19.06. The business's 50 day simple moving average is $14.87 and its 200-day simple moving average is $16.19.

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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 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The company had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. On average, equities research analysts anticipate that Eldorado Gold will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 1,336 shares during the period. Banque Cantonale Vaudoise bought a new stake in Eldorado Gold during the third quarter worth about $36,000. TD Waterhouse Canada Inc. boosted its stake in 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Eldorado Gold during the fourth quarter valued at approximately $55,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Eldorado Gold during the fourth quarter valued at approximately $113,000. 69.58% of the stock is owned by hedge funds and other 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.