Eldorado Gold Co. (NYSE:EGO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD has been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $21.70.

EGO has been the topic of a number of research analyst reports. National Bank Financial upgraded shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Thursday, April 10th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. Royal Bank of Canada increased their price objective on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, 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.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its stake 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 valued at $42,000 after buying an additional 1,945 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 682 shares during the period. SBI Securities Co. Ltd. bought a new stake in Eldorado Gold in the 4th quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Eldorado Gold in the 4th quarter valued at $113,000. Finally, Tradition Wealth Management LLC bought a new position in Eldorado Gold during the 4th quarter worth $153,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Stock Up 2.9%

NYSE:EGO opened at $17.91 on Friday. Eldorado Gold has a 1 year low of $13.29 and a 1 year high of $20.65. The stock has a 50-day moving average price of $17.66 and a two-hundred day moving average price of $16.15. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 12.79 and a beta of 0.42. 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 (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.04). The business had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. As a group, equities analysts expect that Eldorado Gold will post 1.5 earnings per share for the current 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.

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