Analysts Set Eldorado Gold Co. (NYSE:EGO) Target Price at $21.70

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD has been assigned an average rating of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.70.

Several equities research analysts recently issued reports on the stock. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Canaccord Genuity Group dropped their target price on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Scotiabank increased their price objective on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, Royal Bank of Canada raised their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th.

Institutional Trading of Eldorado Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Continuum Advisory LLC lifted its holdings in Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after purchasing an additional 1,945 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Eldorado Gold by 26.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after acquiring an additional 682 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Eldorado Gold during the fourth quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Eldorado Gold during the fourth quarter valued at $113,000. Finally, Tradition Wealth Management LLC purchased a new stake in Eldorado Gold in the 4th quarter worth $153,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Stock Up 1.0%

EGO stock traded up $0.21 during midday trading on Tuesday, hitting $21.43. The company's stock had a trading volume of 2,614,092 shares, compared to its average volume of 1,668,430. The firm's 50-day moving average is $19.31 and its 200-day moving average is $16.69. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 12 month low of $13.29 and a 12 month high of $21.82. The company has a market cap of $4.40 billion, a PE ratio of 15.31 and a beta of 0.47.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). The business had revenue of $341.59 million for the quarter, compared to analysts' expectations of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, equities research analysts forecast that Eldorado Gold will post 1.5 earnings per share for the current fiscal 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.