Eldorado Gold Corporation (NYSE:EGO - Get Free Report) TSE: ELD passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.95 and traded as high as $21.39. Eldorado Gold shares last traded at $21.03, with a volume of 2,094,183 shares trading hands.
Wall Street Analyst Weigh In
EGO has been the topic of several research reports. Scotiabank increased their target price on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday. Wall Street Zen upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, June 6th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Canaccord Genuity Group decreased their price target on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.70.
Read Our Latest Analysis on EGO
Eldorado Gold Price Performance
The stock's 50 day moving average is $19.86 and its two-hundred day moving average is $17.02. The stock has a market capitalization of $4.08 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 2.53.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data 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). The firm had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a net margin of 23.10% and a return on equity of 8.41%. As a group, sell-side analysts forecast that Eldorado Gold Corporation will post 1.5 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Eldorado Gold
Several institutional investors have recently added to or reduced their stakes in EGO. TD Waterhouse Canada Inc. lifted its position 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 worth $48,000 after buying an additional 682 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Eldorado Gold by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company's stock worth $2,664,000 after acquiring an additional 1,174 shares during the last quarter. LaSalle St. Investment Advisors LLC boosted its stake in Eldorado Gold by 7.0% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 19,574 shares of the basic materials company's stock worth $329,000 after purchasing an additional 1,275 shares during the period. Alliancebernstein L.P. grew its position in Eldorado Gold by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock worth $496,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Eldorado Gold by 5.4% during the first quarter. Russell Investments Group Ltd. now owns 30,732 shares of the basic materials company's stock worth $517,000 after buying an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.
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.
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