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

Shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.90.

EGO has been the topic of a number of analyst reports. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. CIBC increased their price target on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. TD Securities reduced their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Eldorado Gold in a research report on Friday, January 26th.

Hedge Funds Weigh In On Eldorado Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust bought a new position in shares of Eldorado Gold during the fourth quarter valued at $35,000. C M Bidwell & Associates Ltd. bought a new position in shares of Eldorado Gold during the fourth quarter valued at $37,000. US Bancorp DE raised its stake in shares of Eldorado Gold by 682.7% during the fourth quarter. US Bancorp DE now owns 4,970 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 4,335 shares during the last quarter. Tobam acquired a new stake in shares of Eldorado Gold during the fourth quarter worth $68,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of Eldorado Gold during the second quarter worth $78,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Stock Performance

Shares of EGO stock opened at $15.11 on Thursday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 6.45 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.53 and a current ratio of 3.39. The company has a 50-day simple moving average of $12.73 and a 200 day simple moving average of $11.98. Eldorado Gold has a 52 week low of $8.30 and a 52 week high of $16.01.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%. The firm had revenue of $306.90 million for the quarter. On average, sell-side analysts predict that Eldorado Gold will post 0.76 earnings per share for the current 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.