Eldorado Gold Corporation (NYSE:EGO - Get Free Report) TSE: ELD reached a new 52-week high during trading on Thursday . The stock traded as high as $23.39 and last traded at $23.29, with a volume of 2075682 shares. The stock had previously closed at $23.01.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on EGO shares. CIBC reissued an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Scotiabank reaffirmed a "sector perform" rating on shares of Eldorado Gold in a research report on Monday. Canaccord Genuity Group dropped their target price on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Wall Street Zen downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Eldorado Gold presently has a consensus rating of "Moderate Buy" and an average target price of $23.60.
Get Our Latest Stock Analysis on EGO
Eldorado Gold Trading Down 1.2%
The company has a market cap of $4.54 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.36 and a beta of 0.37. The firm has a 50-day moving average price of $20.89 and a 200 day moving average price of $18.23. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The business had revenue of $459.53 million for the quarter, compared to analyst estimates of $401.85 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%. As a group, sell-side analysts forecast that Eldorado Gold Corporation will post 1.5 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Eldorado Gold during the 2nd quarter worth about $32,000. Continuum Advisory LLC lifted its position in shares of Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after acquiring an additional 1,945 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of 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 worth $48,000 after acquiring an additional 682 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Eldorado Gold by 142.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company's stock worth $151,000 after acquiring an additional 5,294 shares during the period. Finally, Tradition Wealth Management LLC bought a new stake in shares of Eldorado Gold in the 4th quarter worth approximately $153,000. 69.58% of the stock is owned by institutional investors and hedge funds.
About Eldorado Gold
(
Get Free Report)
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.
Read More
Before you consider Eldorado Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eldorado Gold wasn't on the list.
While Eldorado Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access