Eldorado Gold (NYSE:EGO) Given New $19.00 Price Target at TD Securities

Eldorado Gold (NYSE:EGO) (TSE:ELD) had its price target decreased by research analysts at TD Securities from $20.00 to $19.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. TD Securities’ price objective would suggest a potential upside of 15.71% from the company’s current price.

A number of other analysts also recently weighed in on the company. CIBC increased their price target on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Royal Bank of Canada raised their target price on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank boosted their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Eldorado Gold currently has a consensus rating of “Hold” and a consensus price target of $20.88.

Eldorado Gold Stock Performance

NYSE EGO opened at $16.42 on Monday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 12.25 and a beta of 0.95. Eldorado Gold has a twelve month low of $9.72 and a twelve month high of $19.06. The stock has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $16.36. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The company had revenue of $331.76 million during the quarter. During the same quarter last year, the business earned $0.17 earnings per share. Sell-side analysts expect that Eldorado Gold will post 1.45 EPS for the current year.

Institutional Trading of Eldorado Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EGO. Donald Smith & CO. Inc. boosted its holdings in Eldorado Gold by 9.8% in the first quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock worth $196,261,000 after acquiring an additional 1,240,732 shares in the last quarter. Vanguard Group Inc. grew its position in Eldorado Gold by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company’s stock valued at $95,858,000 after purchasing an additional 38,630 shares during the period. Dimensional Fund Advisors LP increased its stake in Eldorado Gold by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock valued at $68,149,000 after purchasing an additional 136,900 shares in the last quarter. Jennison Associates LLC bought a new stake in Eldorado Gold during the 1st quarter valued at $36,374,000. Finally, Hillsdale Investment Management Inc. raised its holdings in Eldorado Gold by 20.9% during the first quarter. Hillsdale Investment Management Inc. now owns 2,137,927 shares of the basic materials company’s stock worth $30,065,000 after buying an additional 369,127 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

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 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.