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

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) has been given an average recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $43.7143.

EGO has been the topic of several research analyst reports. Royal Bank Of Canada cut Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective on the stock. in a report on Tuesday, February 17th. Zacks Research upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Bank of America lifted their price target on Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a research note on Monday, December 1st. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “sector outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, January 21st.

Eldorado Gold Stock Down 6.8%

Eldorado Gold stock opened at $34.58 on Thursday. The stock has a market capitalization of $6.87 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.13 and a beta of 0.51. The business has a 50 day simple moving average of $42.57 and a 200-day simple moving average of $34.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46. Eldorado Gold has a 12 month low of $15.30 and a 12 month high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $575.14 million for the quarter, compared to analysts’ expectations of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. On average, analysts anticipate that Eldorado Gold will post 1.5 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, February 27th. Eldorado Gold’s dividend payout ratio is 12.10%.

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in Eldorado Gold in the 2nd quarter valued at about $32,000. Smartleaf Asset Management LLC purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $33,000. Aventura Private Wealth LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $36,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $36,000. Finally, Wexford Capital LP purchased a new position in Eldorado Gold during the third quarter worth approximately $37,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

About Eldorado Gold

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.