Eldorado Gold Co. (NYSE:EGO) Given Consensus Recommendation of “Hold” by Analysts

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.88.

A number of research analysts recently issued reports on the stock. TD Securities dropped their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a report on Monday, November 4th. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently bought and sold shares of EGO. Blue Trust Inc. raised its holdings in shares of Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Eldorado Gold during the 3rd quarter worth approximately $32,000. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold in the third quarter valued at approximately $36,000. The Manufacturers Life Insurance Company increased its position in shares of Eldorado Gold by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company’s stock valued at $2,499,000 after acquiring an additional 2,472 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in Eldorado Gold by 30.8% during the second quarter. XTX Topco Ltd now owns 16,450 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 3,876 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Price Performance

EGO stock opened at $14.51 on Friday. The stock has a 50-day moving average price of $15.65 and a two-hundred day moving average price of $16.55. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06. The stock has a market cap of $2.97 billion, a PE ratio of 10.82 and a beta of 0.94. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.17 EPS. Equities analysts forecast that Eldorado Gold will post 1.44 EPS for the current fiscal year.

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.