Eldorado Gold Co. (NYSE:EGO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD have received an average rating of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.38.

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday. Scotiabank upped their target price 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, National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Institutional Investors Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EGO. Jennison Associates LLC raised its position in Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Eldorado Gold by 130.7% during the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after buying an additional 85,053 shares during the period. SBI Securities Co. Ltd. acquired a new position in Eldorado Gold in the 4th quarter valued at about $55,000. Barclays PLC raised its stake in Eldorado Gold by 18.6% during the 3rd quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after acquiring an additional 27,667 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Eldorado Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock valued at $6,000,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Eldorado Gold Price Performance

Shares of EGO stock traded down $0.45 during trading hours on Monday, reaching $18.97. The company had a trading volume of 243,684 shares, compared to its average volume of 1,570,986. Eldorado Gold has a 12-month low of $13.29 and a 12-month high of $20.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 13.55 and a beta of 0.81. The stock has a fifty day moving average of $16.26 and a 200-day moving average of $16.04.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. On average, equities analysts anticipate that Eldorado Gold will post 1.5 earnings per share for the current 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.