Eldorado Gold Co. (NYSE:EGO) Receives $13.90 Consensus Price Target from Brokerages

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.90.

EGO has been the subject of a number of research analyst reports. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. TD Securities reduced their price objective on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research report on Monday, February 26th. CIBC upped their price objective on Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a research report on Friday, January 26th. Finally, Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Eldorado Gold Stock Up 1.0 %

Shares of Eldorado Gold stock opened at $15.09 on Monday. The company has a quick ratio of 2.52, a current ratio of 3.50 and a debt-to-equity ratio of 0.18. Eldorado Gold has a 12 month low of $8.30 and a 12 month high of $16.07. The business has a fifty day simple moving average of $13.92 and a 200 day simple moving average of $12.60. The stock has a market cap of $3.08 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 4.90 and a beta of 1.12.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. The firm had revenue of $257.97 million during the quarter. During the same period in the previous year, the firm posted $0.11 earnings per share. Research analysts predict that Eldorado Gold will post 0.95 EPS for the current year.

Institutional Trading of Eldorado Gold

Several institutional investors and hedge funds have recently bought and sold shares of EGO. Parkside Financial Bank & Trust bought a new stake in Eldorado Gold in the fourth quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. bought a new stake in Eldorado Gold in the fourth quarter valued at approximately $37,000. Tobam bought a new stake in Eldorado Gold in the fourth quarter valued at approximately $68,000. Atria Wealth Solutions Inc. bought a new position in shares of Eldorado Gold during the third quarter worth approximately $89,000. Finally, Bank of Nova Scotia increased its stake in shares of Eldorado Gold by 10.2% during the third quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 1,343 shares during the period. 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.