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

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have earned an average recommendation of “Hold” from the three research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.00.

Several brokerages have commented on EGO. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Scotiabank dropped their price target on 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.

Eldorado Gold Stock Performance

Shares of EGO opened at $14.32 on Friday. The business’s fifty day simple moving average is $14.80 and its two-hundred day simple moving average is $16.12. 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 $11.98 and a 12 month high of $19.06. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 10.23 and a beta of 0.93.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. Research analysts anticipate that Eldorado Gold will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eldorado Gold

Several institutional investors and hedge funds have recently bought and sold shares of EGO. Blue Trust Inc. lifted its position 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 valued at $33,000 after purchasing an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Eldorado Gold during the third quarter valued at $36,000. TD Waterhouse Canada Inc. lifted its position 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 valued at $48,000 after purchasing an additional 682 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Eldorado Gold during the fourth quarter valued at $55,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Eldorado Gold during the fourth quarter valued at $113,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.