Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) has earned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $5.76.
Several brokerages recently weighed in on EGO. Zacks Investment Research upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Monday, July 29th. ValuEngine upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. JPMorgan Chase & Co. upgraded shares of Eldorado Gold from an “underweight” rating to a “neutral” rating and set a $6.00 price objective on the stock in a research report on Wednesday, June 26th. Credit Suisse Group assumed coverage on shares of Eldorado Gold in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $6.00 price objective on the stock. Finally, CIBC raised shares of Eldorado Gold from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 10th.
Institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank increased its stake in Eldorado Gold by 3.7% during the 2nd quarter. Swiss National Bank now owns 297,420 shares of the basic materials company’s stock worth $1,728,000 after purchasing an additional 10,500 shares in the last quarter. Advisor Group Inc. increased its stake in Eldorado Gold by 65.9% during the 2nd quarter. Advisor Group Inc. now owns 6,043 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 2,400 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Eldorado Gold during the 2nd quarter worth approximately $317,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Eldorado Gold during the 2nd quarter worth approximately $51,000. Finally, SG Americas Securities LLC increased its stake in Eldorado Gold by 25.6% during the 2nd quarter. SG Americas Securities LLC now owns 465,884 shares of the basic materials company’s stock worth $2,711,000 after purchasing an additional 94,944 shares in the last quarter. 41.62% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:EGO traded up $0.55 during mid-day trading on Wednesday, hitting $8.71. The stock had a trading volume of 589,079 shares, compared to its average volume of 4,375,323. The stock has a market capitalization of $1.30 billion, a PE ratio of -50.53, a price-to-earnings-growth ratio of 11.26 and a beta of 2.03. The stock’s 50 day moving average is $6.47. Eldorado Gold has a 52 week low of $2.52 and a 52 week high of $8.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.98 and a quick ratio of 2.70.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.07). The firm had revenue of $80.02 million during the quarter, compared to the consensus estimate of $113.85 million. Eldorado Gold had a negative net margin of 84.44% and a negative return on equity of 1.41%. Equities research analysts anticipate that Eldorado Gold will post 0.14 EPS for the current year.
About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.
Read More: Stock Split
Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.