Eldorado Gold Co. (NYSE:EGO) Given Consensus Rating of “Hold” by Brokerages

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have been assigned a consensus recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $20.88.

Several analysts have recently commented on EGO shares. TD Securities decreased their target price on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. StockNews.com cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank increased their target price on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada increased their target price on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds have recently added to or reduced their stakes in the company. Tobam boosted its holdings in Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 651 shares during the last quarter. Blue Trust Inc. boosted its holdings in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,336 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Eldorado Gold during the third quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Eldorado Gold by 4.2% during the second 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 during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Eldorado Gold during the third quarter worth about $36,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of NYSE:EGO opened at $15.70 on Friday. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $16.50. Eldorado Gold has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 11.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The firm had revenue of $331.76 million for the quarter. During the same quarter last year, the company earned $0.17 earnings per share. As a group, analysts predict that Eldorado Gold will post 1.41 EPS for the current fiscal year.

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.