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

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.88.

Several analysts have issued reports on the stock. TD Securities decreased their price target 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. Royal Bank of Canada boosted their price target on Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

Eldorado Gold Price Performance

NYSE EGO opened at $15.19 on Tuesday. The stock has a market capitalization of $3.11 billion, a PE ratio of 11.34 and a beta of 0.93. The stock has a 50-day simple moving average of $16.56 and a 200 day simple moving average of $16.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold has a twelve month low of $9.72 and a twelve month high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share 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 prior year, the company posted $0.17 earnings per share. Research analysts anticipate that Eldorado Gold will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Eldorado Gold

Hedge funds have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in Eldorado Gold by 1.8% during the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company’s stock worth $15,783,000 after acquiring an additional 15,652 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Eldorado Gold by 331.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 138,556 shares of the basic materials company’s stock worth $2,295,000 after purchasing an additional 106,438 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Eldorado Gold by 84.9% during the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 8,512 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Eldorado Gold by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company’s stock valued at $1,675,000 after purchasing an additional 6,629 shares during the last quarter. Finally, Barclays PLC boosted its position in Eldorado Gold by 18.6% in the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company’s stock valued at $3,064,000 after buying an additional 27,667 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.