Eldorado Gold (NYSE:EGO – Get Free Report) TSE: ELD was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
A number of other research firms have also recently commented on EGO. Stifel Nicolaus reissued a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. Stifel Canada downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. CIBC upped their price objective on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. TD Securities cut their target price on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.30.
Eldorado Gold Price Performance
Eldorado Gold stock traded down $0.33 during trading hours on Friday, reaching $14.31. 1,258,314 shares of the stock were exchanged, compared to its average volume of 1,749,464. The stock has a 50 day moving average of $13.65 and a two-hundred day moving average of $12.48. The company has a market cap of $2.92 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 5.01 and a beta of 1.12. The company has a current ratio of 3.50, a quick ratio of 2.52 and a debt-to-equity ratio of 0.18. Eldorado Gold has a twelve month low of $8.30 and a twelve month high of $16.07.
Eldorado Gold (NYSE:EGO – Get Free Report) TSE: ELD last posted its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. The business had revenue of $257.97 million for the quarter. During the same quarter in the prior year, the business posted $0.11 EPS. Equities analysts expect that Eldorado Gold will post 0.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Eldorado Gold
Several large investors have recently modified their holdings of EGO. Parkside Financial Bank & Trust acquired a new stake in Eldorado Gold in the fourth quarter valued at $35,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at about $37,000. Tobam bought a new position in shares of Eldorado Gold during the fourth quarter worth about $68,000. Atria Wealth Solutions Inc. acquired a new position in shares of Eldorado Gold in the third quarter worth approximately $89,000. Finally, Bank of Nova Scotia boosted its holdings in Eldorado Gold by 10.2% in the third quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 1,343 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.
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.