Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD hit a new 52-week high during trading on Tuesday . The stock traded as high as $21.74 and last traded at $21.00, with a volume of 2651293 shares. The stock had previously closed at $20.09.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Canaccord Genuity Group cut their price target on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a report on Monday, May 5th. Finally, Royal Bank of Canada boosted their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.70.
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Eldorado Gold Stock Performance
The firm's 50-day moving average price is $18.97 and its two-hundred day moving average price is $16.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 15.11 and a beta of 0.42.
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 the consensus estimate of $0.32 by ($0.04). Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $341.59 million for the quarter, compared to analyst estimates of $319.83 million. On average, analysts expect that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of EGO. Barclays PLC lifted its position in Eldorado Gold by 18.6% in the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock valued at $3,064,000 after buying an additional 27,667 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Eldorado Gold by 12.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 227,300 shares of the basic materials company's stock valued at $3,376,000 after buying an additional 25,300 shares during the last quarter. CIBC Asset Management Inc lifted its position in Eldorado Gold by 0.3% in the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock valued at $3,737,000 after buying an additional 804 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Eldorado Gold by 16.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the basic materials company's stock valued at $297,000 after buying an additional 2,775 shares during the last quarter. Finally, Navellier & Associates Inc. increased its stake in Eldorado Gold by 20.4% during the fourth quarter. Navellier & Associates Inc. now owns 60,889 shares of the basic materials company's stock worth $905,000 after purchasing an additional 10,334 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.
Eldorado Gold Company Profile
(
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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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