Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD's stock price traded up 7.5% during mid-day trading on Monday . The stock traded as high as $21.57 and last traded at $21.60. 367,455 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,639,148 shares. The stock had previously closed at $20.09.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Scotiabank lifted their price objective 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. Canaccord Genuity Group decreased their price target on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Wall Street Zen lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada raised their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.
Read Our Latest Stock Analysis on Eldorado Gold
Eldorado Gold Trading Down 1.7%
The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 15.11 and a beta of 0.42. The business has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $16.52.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). The company had revenue of $341.59 million during the quarter, compared to analysts' expectations of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, equities analysts predict that Eldorado Gold Co. will post 1.5 earnings per share for the current year.
Institutional Trading of Eldorado Gold
Large investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC lifted its stake in shares of Eldorado Gold by 335.3% during the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after purchasing an additional 1,945 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Eldorado Gold by 26.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock valued at $48,000 after buying an additional 682 shares during the period. SBI Securities Co. Ltd. acquired a new position in Eldorado Gold during the 4th quarter worth approximately $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Eldorado Gold in the 4th quarter worth approximately $113,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Eldorado Gold during the fourth quarter valued at approximately $153,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Eldorado Gold Company Profile
(
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.
Further Reading
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.
