Eldorado Gold Co. (NYSE:EGO) Receives $20.00 Consensus PT from Brokerages

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has received an average rating of “Moderate Buy” from the four analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of equities analysts have recently commented on EGO shares. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Scotiabank cut their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a report on Friday, February 7th. Finally, StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Wednesday.

Eldorado Gold Trading Up 1.8 %

NYSE:EGO opened at $17.92 on Thursday. Eldorado Gold has a 1 year low of $13.29 and a 1 year high of $19.06. The stock’s fifty day moving average price is $15.04 and its two-hundred day moving average price is $15.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The company has a market cap of $3.67 billion, a P/E ratio of 12.80 and a beta of 0.81.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. As a group, analysts expect that Eldorado Gold will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. grew its position in Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 682 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Eldorado Gold during the fourth quarter worth about $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Eldorado Gold in the 4th quarter worth about $113,000. Tradition Wealth Management LLC bought a new position in shares of Eldorado Gold during the 4th quarter valued at about $153,000. Finally, Envestnet Asset Management Inc. bought a new stake in Eldorado Gold in the 4th quarter worth approximately $183,000. Institutional investors own 69.58% of the company’s stock.

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.