A number of other equities research analysts have also recently commented on EGO. Zacks Investment Research cut shares of Eldorado Gold from a hold rating to a sell rating in a research report on Tuesday, July 7th. Canaccord Genuity reissued a hold rating and issued a $14.00 price objective on shares of Eldorado Gold in a report on Wednesday, May 6th. Royal Bank of Canada reissued a sell rating and issued a $7.75 price objective on shares of Eldorado Gold in a report on Sunday, May 17th. Finally, TD Securities upped their price objective on shares of Eldorado Gold from $10.00 to $10.50 and gave the company a hold rating in a report on Monday, May 4th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $11.25.
NYSE:EGO opened at $11.15 on Friday. The company has a fifty day moving average of $8.93 and a two-hundred day moving average of $8.13. The stock has a market capitalization of $1.87 billion, a PE ratio of 17.15, a P/E/G ratio of 2.93 and a beta of 1.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 1.71. Eldorado Gold has a fifty-two week low of $4.60 and a fifty-two week high of $11.29.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, April 30th. The basic materials company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The business had revenue of $204.66 million during the quarter. Eldorado Gold had a net margin of 13.83% and a return on equity of 1.15%. Research analysts forecast that Eldorado Gold will post 0.76 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in EGO. Amundi Pioneer Asset Management Inc. purchased a new position in Eldorado Gold during the first quarter worth about $185,000. State Street Corp boosted its stake in Eldorado Gold by 33.5% during the fourth quarter. State Street Corp now owns 87,847 shares of the basic materials company’s stock worth $705,000 after buying an additional 22,047 shares during the period. Great West Life Assurance Co. Can boosted its stake in Eldorado Gold by 20.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 21,334 shares of the basic materials company’s stock worth $171,000 after buying an additional 3,558 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Eldorado Gold during the fourth quarter worth about $135,000. Finally, Credit Suisse AG boosted its stake in Eldorado Gold by 22.8% during the fourth quarter. Credit Suisse AG now owns 189,888 shares of the basic materials company’s stock worth $1,524,000 after buying an additional 35,209 shares during the period. 52.81% of the stock is owned by institutional investors.
Eldorado Gold Company Profile
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.
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