Eldorado Gold Corporation (NYSE:EGO) Given Consensus Rating of "Hold" by Analysts

Key Points

• Eleven analysts give Eldorado Gold a consensus rating of Hold (1 sell, 6 hold, 3 buy, 1 strong buy) with an average 12‑month target price of $42.00.
• The company topped quarterly estimates, reporting EPS $0.95 versus $0.69 expected, and the stock trades around $31.10 with a market cap of $6.18B and a P/E of 12.54.
• Institutions own about 69.58% of the shares, with several large funds increasing stakes (notably TT International's 1,730.9% rise), and the stock was trading up roughly 5% on the news.

Eldorado Gold Corporation (NYSE:EGO - Get Free Report) TSE: ELD has been given an average rating of "Hold" by the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $42.00.

Several brokerages have issued reports on EGO. Zacks Research lowered Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. TD Securities dropped their price target on Eldorado Gold from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Tuesday, April 14th. Scotiabank dropped their price target on Eldorado Gold from $58.00 to $56.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Eldorado Gold in a research note on Monday, April 20th. Finally, National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research note on Wednesday, April 15th.

Eldorado Gold Trading Up 5.0%

Shares of EGO stock opened at $31.10 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.83 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $35.48. Eldorado Gold has a 12-month low of $17.18 and a 12-month high of $51.16. The firm has a market cap of $6.18 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.14 and a beta of 0.66.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%. Equities analysts anticipate that Eldorado Gold will post 4.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Montrusco Bolton Investments Inc. raised its stake in Eldorado Gold by 41.1% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 356,975 shares of the basic materials company's stock valued at $10,311,000 after buying an additional 103,975 shares during the last quarter. Ruffer LLP raised its stake in Eldorado Gold by 29.2% during the 3rd quarter. Ruffer LLP now owns 1,412,740 shares of the basic materials company's stock valued at $40,814,000 after buying an additional 319,187 shares during the last quarter. Gabelli Funds LLC raised its stake in Eldorado Gold by 11.8% during the 3rd quarter. Gabelli Funds LLC now owns 1,342,600 shares of the basic materials company's stock valued at $38,788,000 after buying an additional 141,900 shares during the last quarter. TT International Asset Management LTD raised its stake in Eldorado Gold by 1,730.9% during the 4th quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company's stock valued at $26,916,000 after buying an additional 710,290 shares during the last quarter. Finally, Sprott Inc. raised its stake in Eldorado Gold by 3.1% during the 3rd quarter. Sprott Inc. now owns 1,915,378 shares of the basic materials company's stock valued at $55,335,000 after buying an additional 58,013 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Eldorado Gold Company Profile

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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