Analysts Set Eldorado Gold Co. (NYSE:EGO) PT at $20.88

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has been assigned a consensus rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.88.

EGO has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank upped their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. TD Securities decreased their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new position in Eldorado Gold during the third quarter worth approximately $32,000. Blue Trust Inc. increased its holdings in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Eldorado Gold in the 3rd quarter worth $36,000. Tobam raised its position in shares of Eldorado Gold by 14.8% in the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after buying an additional 651 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in Eldorado Gold in the second quarter valued at $74,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Price Performance

Shares of NYSE EGO opened at $15.88 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $17.05 and its 200 day moving average price is $16.49. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 11.85 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The business had revenue of $331.76 million for the quarter. During the same quarter in the prior year, the company earned $0.17 earnings per share. As a group, research analysts forecast that Eldorado Gold will post 1.42 earnings per share for the current fiscal 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.