Eldorado Gold Corporation (NYSE:EGO) Given Consensus Rating of "Moderate Buy" by Brokerages

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

Several analysts have recently commented on EGO shares. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank Of Canada increased their target price 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 reissued an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, June 24th. Canaccord Genuity Group dropped their price target 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. Finally, Scotiabank raised their price target on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC grew its stake in Eldorado Gold by 335.3% in the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 1,945 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings 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 acquiring an additional 682 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Eldorado Gold in the 4th quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Eldorado Gold during the 4th quarter worth $113,000. Finally, Tradition Wealth Management LLC acquired a new position in shares of Eldorado Gold during the 4th quarter worth $153,000. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Stock Performance

EGO opened at $20.82 on Friday. The stock has a market cap of $4.27 billion, a PE ratio of 13.09, a P/E/G ratio of 0.35 and a beta of 0.46. The company has a current ratio of 3.12, a quick ratio of 2.53 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 1 year low of $13.29 and a 1 year high of $21.79. The stock's 50 day simple moving average is $19.99 and its 200-day simple moving average is $17.19.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). Eldorado Gold had a net margin of 23.10% and a return on equity of 8.41%. The company had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. Sell-side analysts forecast that Eldorado Gold will post 1.5 EPS 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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