Eldorado Gold (NYSE:EGO) Raised to “Buy” at StockNews.com

Eldorado Gold (NYSE:EGO) (TSE:ELD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued reports about the stock. CIBC raised their price target on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Stifel Nicolaus restated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, TD Securities dropped their price objective on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.30.

Eldorado Gold Stock Up 2.8 %

NYSE:EGO traded up $0.42 during trading hours on Friday, reaching $15.20. The company had a trading volume of 2,138,122 shares, compared to its average volume of 1,694,345. The company has a quick ratio of 2.53, a current ratio of 3.39 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 6.40 and a beta of 1.10. The business’s 50-day simple moving average is $13.30 and its two-hundred day simple moving average is $12.31. Eldorado Gold has a twelve month low of $8.30 and a twelve month high of $16.07.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $306.90 million during the quarter. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%. On average, equities analysts expect that Eldorado Gold will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EGO. Parkside Financial Bank & Trust purchased a new stake in Eldorado Gold during the fourth quarter worth about $35,000. C M Bidwell & Associates Ltd. purchased a new stake in Eldorado Gold during the fourth quarter worth about $37,000. Tobam purchased a new stake in Eldorado Gold during the fourth quarter worth about $68,000. Atria Wealth Solutions Inc. purchased a new stake in Eldorado Gold during the third quarter worth about $89,000. Finally, Aigen Investment Management LP purchased a new stake in Eldorado Gold during the fourth quarter worth about $134,000. 69.58% of the stock is owned by 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.