Shares of Eldorado Gold Co. (NYSE:EGO – Get Rating) (TSE:ELD) have been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.10.
EGO has been the subject of several research analyst reports. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and dropped their price objective for the stock from C$17.00 to C$12.00 in a report on Wednesday, July 20th. Stifel Nicolaus lowered their price objective on Eldorado Gold from C$20.25 to C$18.00 in a research note on Wednesday, July 20th. Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Wednesday, July 20th. National Bank Financial lifted their target price on Eldorado Gold from C$15.00 to C$15.50 in a report on Tuesday. Finally, TD Securities reduced their target price on Eldorado Gold from $8.50 to $7.50 and set a “hold” rating for the company in a report on Wednesday.
Institutional Trading of Eldorado Gold
Several large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can grew its holdings in shares of Eldorado Gold by 11.1% in the first quarter. Great West Life Assurance Co. Can now owns 15,571 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 1,550 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Eldorado Gold by 1.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 157,850 shares of the basic materials company’s stock worth $1,482,000 after acquiring an additional 1,794 shares during the period. Cetera Advisor Networks LLC grew its holdings in shares of Eldorado Gold by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 18,544 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 1,944 shares during the period. Vontobel Holding Ltd. grew its holdings in Eldorado Gold by 2.8% during the first quarter. Vontobel Holding Ltd. now owns 75,863 shares of the basic materials company’s stock valued at $849,000 after purchasing an additional 2,086 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Eldorado Gold by 1.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 138,758 shares of the basic materials company’s stock valued at $1,297,000 after purchasing an additional 2,414 shares during the period. Institutional investors own 58.83% of the company’s stock.
Eldorado Gold Stock Down 2.0 %
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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.
- Get a free copy of the StockNews.com research report on Eldorado Gold (EGO)
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