Eldorado Gold Co. (NYSE:EGO) Receives Consensus Rating of “Hold” from Analysts

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have received a consensus rating of “Hold” from the three research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.00.

A number of research firms recently issued reports on EGO. TD Securities reduced their target price on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Scotiabank dropped their price objective on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a report on Friday, February 7th. Finally, StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday.

Hedge Funds Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its holdings in Eldorado Gold by 2.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company’s stock worth $179,942,000 after acquiring an additional 309,599 shares during the period. Vanguard Group Inc. lifted its position in shares of Eldorado Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company’s stock worth $117,228,000 after purchasing an additional 136,594 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock worth $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. Carrhae Capital LLP raised its stake in shares of Eldorado Gold by 13.9% during the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock worth $89,826,000 after buying an additional 738,233 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Eldorado Gold by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,971,617 shares of the basic materials company’s stock worth $73,927,000 after buying an additional 74,389 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Stock Up 0.8 %

Eldorado Gold stock opened at $13.78 on Friday. Eldorado Gold has a fifty-two week low of $10.24 and a fifty-two week high of $19.06. 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 company has a market capitalization of $2.82 billion, a P/E ratio of 9.85 and a beta of 0.93. The stock has a 50-day simple moving average of $14.87 and a 200-day simple moving average of $16.20.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. Equities research analysts expect that Eldorado Gold will post 1.5 earnings per share for the current year.

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.