Analysts’ Recent Ratings Changes for Eldorado Gold (EGO)

Eldorado Gold (NYSE: EGO) has recently received a number of price target changes and ratings updates:

• 3/10/2023 – Eldorado Gold is now covered by analysts at Bank of America Co.. They set an “underperform” rating and a $8.90 price target on the stock.
• 2/28/2023 – Eldorado Gold had its price target lowered by analysts at National Bank Financial from C$14.00 to C$13.50.
• 2/27/2023 – Eldorado Gold had its price target lowered by analysts at TD Securities from $11.00 to $10.50. They now have a “hold” rating on the stock.
• 2/24/2023 – Eldorado Gold was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/14/2023 – Eldorado Gold had its price target raised by analysts at National Bank Financial from C$13.75 to C$14.00.
• 2/3/2023 – Eldorado Gold was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/17/2023 – Eldorado Gold was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating.
• 1/13/2023 – Eldorado Gold had its price target raised by analysts at National Bank Financial from C$13.50 to C$14.00.

Eldorado Gold Price Performance

NYSE EGO opened at $9.58 on Tuesday. The company has a market cap of $1.77 billion, a P/E ratio of -5.04 and a beta of 1.27. Eldorado Gold Co. has a 1 year low of $5.06 and a 1 year high of $12.49. The company has a current ratio of 3.00, a quick ratio of 2.06 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $9.10 and a 200 day simple moving average of $7.55.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds and other institutional investors have recently made changes to their positions in EGO. Helikon Investments Ltd boosted its stake in Eldorado Gold by 26.2% during the 3rd quarter. Helikon Investments Ltd now owns 22,155,728 shares of the basic materials company’s stock valued at $133,599,000 after purchasing an additional 4,600,568 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Eldorado Gold by 113.6% in the second quarter. Goldman Sachs Group Inc. now owns 4,167,313 shares of the basic materials company’s stock valued at $26,629,000 after acquiring an additional 2,216,406 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Eldorado Gold by 35.2% in the second quarter. Donald Smith & CO. Inc. now owns 8,421,934 shares of the basic materials company’s stock worth $53,816,000 after acquiring an additional 2,192,659 shares during the last quarter. Royal Bank of Canada increased its position in Eldorado Gold by 1,043.9% during the first quarter. Royal Bank of Canada now owns 1,779,308 shares of the basic materials company’s stock worth $19,945,000 after acquiring an additional 1,623,765 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Eldorado Gold by 22.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,848,569 shares of the basic materials company’s stock valued at $37,367,000 after purchasing an additional 1,083,700 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.