Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) had its price target reduced by equities researchers at Royal Bank Of Canada from $1.75 to $1.50 in a research report issued to clients and investors on Thursday, November 2nd. The firm presently has an “underperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 28.21% from the company’s current price.
EGO has been the subject of a number of other research reports. TD Securities set a $4.00 price objective on shares of Eldorado Gold Corporation and gave the stock a “buy” rating in a research note on Friday, October 20th. ValuEngine lowered shares of Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Credit Suisse Group lowered shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 price target on the stock. in a report on Monday, July 31st. Finally, Scotiabank cut their price target on shares of Eldorado Gold Corporation from $3.25 to $3.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 12th. Six analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.78.
Eldorado Gold Corporation (NYSE:EGO) remained flat at $$1.17 during trading on Thursday. 3,715,400 shares of the company traded hands, compared to its average volume of 6,780,461. The company has a quick ratio of 6.16, a current ratio of 7.80 and a debt-to-equity ratio of 0.16. Eldorado Gold Corporation has a 52 week low of $1.15 and a 52 week high of $3.91. The stock has a market cap of $935.52, a P/E ratio of 58.50 and a beta of 1.17.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share for the quarter. The company had revenue of $95.35 million for the quarter, compared to the consensus estimate of $100.63 million. Eldorado Gold Corporation had a negative net margin of 5.02% and a positive return on equity of 0.51%. The business’s revenue was down 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Shell Asset Management Co. grew its holdings in shares of Eldorado Gold Corporation by 2,884.9% during the third quarter. Shell Asset Management Co. now owns 780,973 shares of the basic materials company’s stock valued at $5,896,000 after buying an additional 754,809 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Eldorado Gold Corporation by 43.7% in the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 13,889 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in Eldorado Gold Corporation by 83.9% in the second quarter. Intact Investment Management Inc. now owns 5,351,900 shares of the basic materials company’s stock valued at $18,196,000 after purchasing an additional 2,441,800 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Eldorado Gold Corporation by 15.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,848,322 shares of the basic materials company’s stock valued at $4,880,000 after purchasing an additional 253,684 shares during the last quarter. Finally, ASA Gold & Precious Metals Ltd boosted its holdings in Eldorado Gold Corporation by 137.9% in the third quarter. ASA Gold & Precious Metals Ltd now owns 1,546,570 shares of the basic materials company’s stock valued at $3,402,000 after purchasing an additional 896,570 shares during the last quarter. 50.99% of the stock is currently owned by hedge funds and other institutional investors.
About Eldorado Gold Corporation
Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.
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