Eldorado Gold Co. (NYSE:EGO) Receives Consensus Recommendation of “Hold” from Brokerages

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.88.

EGO has been the topic of several research analyst reports. StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities dropped their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th.

Institutional Investors Weigh In On Eldorado Gold

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Eldorado Gold by 130.5% in the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company’s stock valued at $2,885,000 after acquiring an additional 94,040 shares during the period. Navellier & Associates Inc. bought a new stake in shares of Eldorado Gold in the 3rd quarter worth about $878,000. Maverick Capital Ltd. bought a new position in shares of Eldorado Gold in the second quarter valued at approximately $1,256,000. Equinox Partners Investment Management LLC grew its holdings in shares of Eldorado Gold by 32.0% during the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after purchasing an additional 239,800 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Eldorado Gold by 33.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company’s stock valued at $3,515,000 after acquiring an additional 50,500 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at $14.51 on Friday. The business has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $16.55. The company has a market cap of $2.97 billion, a PE ratio of 10.82 and a beta of 0.94. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The company had revenue of $331.76 million during the quarter. During the same quarter in the previous year, the company posted $0.17 EPS. On average, equities research analysts forecast that Eldorado Gold will post 1.44 EPS for the current fiscal year.

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.