Eldorado Gold (NYSE:EGO) Trading Up 3.2%

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) was up 3.2% on Tuesday . The company traded as high as $18.09 and last traded at $17.93. Approximately 348,825 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,507,560 shares. The stock had previously closed at $17.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EGO shares. CIBC upped their price target on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Scotiabank raised their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.38.

Eldorado Gold Trading Up 1.5 %

The company’s 50 day moving average price is $17.04 and its 200 day moving average price is $15.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 30.47 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $297.14 million during the quarter. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. During the same period in the prior year, the company posted $0.09 earnings per share. Research analysts anticipate that Eldorado Gold Co. will post 1.4 EPS for the current year.

Institutional Trading of Eldorado Gold

A number of hedge funds have recently bought and sold shares of EGO. Jennison Associates LLC bought a new stake in Eldorado Gold in the 1st quarter valued at $36,374,000. Donald Smith & CO. Inc. raised its stake in shares of Eldorado Gold by 9.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock valued at $196,261,000 after buying an additional 1,240,732 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Eldorado Gold in the 1st quarter valued at $11,431,000. Commonwealth Equity Services LLC acquired a new position in shares of Eldorado Gold in the 2nd quarter valued at $6,992,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of Eldorado Gold in the 2nd quarter valued at $6,910,000. 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.