Eldorado Gold (NYSE:EGO) Stock Price Up 5.5%

Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD) shares rose 5.5% on Tuesday . The company traded as high as $7.31 and last traded at $7.31. Approximately 14,925 shares traded hands during trading, a decline of 99% from the average daily volume of 2,016,755 shares. The stock had previously closed at $6.93.

Wall Street Analyst Weigh In

EGO has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Eldorado Gold in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Canaccord Genuity Group dropped their price objective on shares of Eldorado Gold from C$11.00 to C$10.50 in a report on Monday, October 31st. National Bank Financial boosted their price objective on shares of Eldorado Gold from C$15.00 to C$15.50 in a report on Tuesday, August 2nd. TD Securities lowered their price target on shares of Eldorado Gold from $8.50 to $7.50 and set a “hold” rating on the stock in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus lowered their price target on shares of Eldorado Gold from C$17.00 to C$16.50 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of $12.50.

Eldorado Gold Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 3.61 and a quick ratio of 2.39. The company has a market capitalization of $1.41 billion, a PE ratio of -3.22 and a beta of 1.21. The firm’s fifty day simple moving average is $6.24 and its 200 day simple moving average is $6.55.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position 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. Cetera Advisor Networks LLC raised its position in shares of Eldorado Gold by 11.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 18,544 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 1,944 shares during the last quarter. LCM Capital Management Inc raised its position in shares of Eldorado Gold by 14.8% during the 3rd quarter. LCM Capital Management Inc now owns 15,500 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 2,000 shares during the last quarter. LPL Financial LLC raised its position in shares of Eldorado Gold by 19.5% during the 2nd quarter. LPL Financial LLC now owns 12,286 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of Eldorado Gold by 2.8% during the 1st quarter. Vontobel Holding Ltd. now owns 75,863 shares of the basic materials company’s stock worth $849,000 after purchasing an additional 2,086 shares during the last quarter. Institutional investors and hedge funds own 59.50% of the company’s stock.

About Eldorado Gold

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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.

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