Eldorado Gold (NYSE:EGO) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a buy rating to a hold rating in a research report report published on Thursday.

Several other research analysts also recently weighed in on EGO. TD Securities dropped their target price on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Scotiabank lowered their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Eldorado Gold currently has an average rating of “Hold” and an average target price of $20.00.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $14.70 on Thursday. The company has a market capitalization of $3.01 billion, a PE ratio of 10.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock has a fifty day moving average of $15.06 and a 200-day moving average of $16.29. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 27th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. As a group, equities analysts anticipate that Eldorado Gold will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. purchased a new position in shares of Eldorado Gold during the 3rd quarter valued at $32,000. Blue Trust Inc. raised its holdings in shares of Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Eldorado Gold during the third quarter valued at $36,000. TD Waterhouse Canada Inc. grew its stake in Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 682 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Eldorado Gold in the 4th quarter worth about $55,000. Institutional investors and hedge funds 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.