Eldorado Gold Co. (NYSE:EGO) Receives Average Recommendation of “Hold” from Brokerages

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.60.

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $14.00 to $20.00 in a research note on Wednesday, May 29th. Scotiabank raised their target price on Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust bought a new stake in Eldorado Gold during the fourth quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. purchased a new position in Eldorado Gold in the fourth quarter worth $37,000. Tobam bought a new position in Eldorado Gold in the fourth quarter valued at $68,000. Aigen Investment Management LP purchased a new stake in Eldorado Gold during the fourth quarter valued at about $134,000. Finally, Sapient Capital LLC bought a new stake in Eldorado Gold during the fourth quarter worth about $151,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 0.7 %

Shares of EGO stock opened at $14.68 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 3.50 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.00 billion, a P/E ratio of 25.75, a PEG ratio of 0.27 and a beta of 0.92. The company has a 50 day moving average of $15.20 and a 200-day moving average of $13.63. Eldorado Gold has a 12-month low of $8.30 and a 12-month high of $16.69.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. The company had revenue of $257.97 million during the quarter. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. During the same quarter in the previous year, the company posted $0.11 EPS. Sell-side analysts anticipate that Eldorado Gold will post 1.09 earnings per share for the current 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.