Eldorado Gold Corporation (NYSE:EGO) Receives Average Rating of "Hold" from Analysts

Key Points

• Hold is the consensus from 10 brokerages (1 sell, 6 hold, 3 buy), with an average 12‑month price target of $43.71.
• The stock opened at $35.83 with a market cap of $7.12 billion, a PE of 14.45, and a 52‑week range of $15.30–$51.16 (50‑day SMA $40.70; 200‑day SMA $34.90).
• Eldorado reported EPS of $0.63 (missed $0.64) and revenue of $575.14M (beat), declared a $0.075 quarterly dividend ($0.30 annual, 0.8% yield), and saw institutional buying (institutions own 69.58%, including a 50% increase by Goldman Sachs).

Shares of Eldorado Gold Corporation (NYSE:EGO - Get Free Report) TSE: ELD have been assigned an average recommendation of "Hold" from the ten brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $43.7143.

A number of analysts have recently commented on the stock. Royal Bank Of Canada lowered shares of Eldorado Gold from an "outperform" rating to a "sector perform" rating and set a $48.00 price objective on the stock. in a research report on Tuesday, February 17th. Zacks Research lowered shares of Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. TD Cowen cut their price target on shares of Eldorado Gold from $47.00 to $45.00 and set a "hold" rating on the stock in a research report on Tuesday, February 24th. Canaccord Genuity Group cut Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, February 20th. Finally, Scotiabank lowered their target price on Eldorado Gold from $59.00 to $58.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, February 25th.

Eldorado Gold Stock Up 0.1%

NYSE:EGO opened at $35.83 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83. The company has a market cap of $7.12 billion, a PE ratio of 14.45, a PEG ratio of 0.15 and a beta of 0.66. Eldorado Gold has a 52-week low of $15.30 and a 52-week high of $51.16. The stock has a 50-day simple moving average of $40.70 and a 200 day simple moving average of $34.90.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, February 19th. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $575.14 million during the quarter, compared to the consensus estimate of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. On average, sell-side analysts expect that Eldorado Gold will post 1.5 EPS for the current fiscal year.

Eldorado Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Eldorado Gold's dividend payout ratio (DPR) is currently 12.10%.

Institutional Investors Weigh In On Eldorado Gold

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Eldorado Gold by 50.0% during the first quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company's stock worth $13,426,000 after buying an additional 266,048 shares during the last quarter. Geode Capital Management LLC lifted its stake in Eldorado Gold by 6.0% in the second quarter. Geode Capital Management LLC now owns 113,368 shares of the basic materials company's stock valued at $2,318,000 after acquiring an additional 6,383 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Eldorado Gold by 1,209.2% in the second quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company's stock valued at $6,903,000 after acquiring an additional 313,449 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Eldorado Gold in the 2nd quarter valued at about $1,038,000. Finally, Jump Financial LLC acquired a new position in shares of Eldorado Gold during the 2nd quarter worth about $859,000. Institutional investors and hedge funds 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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