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

Key Points

• Eldorado Gold has a consensus “Hold” rating from 15 analysts: seven holds, four buys, two strong buys and two sells. The average 12-month price target is $43.00.
• The stock opened at $43.10, with a market capitalization of approximately $11.26 billion, while its latest quarterly EPS of $0.54 exceeded analyst expectations of $0.52; revenue of $487.5 million fell short of estimates.
• Eldorado Gold announced a quarterly dividend of $0.075 per share, representing an annualized payout of $0.30 and a 0.7% yield. Institutional investors own approximately 69.6% of the company.

Eldorado Gold Corporation (NYSE:EGO - Get Free Report) TSE: ELD has received a consensus rating of "Hold" from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $43.00.

A number of research firms recently issued reports on EGO. Royal Bank Of Canada decreased their price objective on Eldorado Gold from $39.00 to $37.00 and set a "sector perform" rating for the company in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce raised Eldorado Gold from a "neutral" rating to an "outperform" rating in a research report on Sunday, August 9th. Weiss Ratings downgraded Eldorado Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, June 11th. Zacks Research cut shares of Eldorado Gold from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, July 31st.

Eldorado Gold Trading Up 0.6%

EGO opened at $43.10 on Thursday. The stock has a market capitalization of $11.26 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.31 and a beta of 0.71. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Eldorado Gold has a 12 month low of $24.44 and a 12 month high of $51.16. The firm's fifty day simple moving average is $35.63 and its 200 day simple moving average is $35.46.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. The firm had revenue of $487.50 million during the quarter, compared to analysts' expectations of $529.92 million. Eldorado Gold had a return on equity of 10.91% and a net margin of 29.83%. As a group, research analysts anticipate that Eldorado Gold will post 3.23 EPS for the current fiscal year.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. Eldorado Gold's dividend payout ratio (DPR) is 10.64%.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Savant Capital LLC increased its position in shares of Eldorado Gold by 2.7% during the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company's stock worth $508,000 after purchasing an additional 371 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Eldorado Gold by 0.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company's stock worth $1,794,000 after purchasing an additional 582 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Eldorado Gold in the 2nd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Eldorado Gold by 8.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company's stock valued at $351,000 after buying an additional 819 shares during the last quarter. Finally, Smartleaf Asset Management LLC bought a new position in shares of Eldorado Gold in the fourth quarter valued at $33,000. Institutional investors own 69.58% of the company's stock.

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.

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