Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD fell 2.9% during mid-day trading on Friday . The company traded as low as $20.98 and last traded at $20.89. 140,077 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,654,310 shares. The stock had previously closed at $21.51.
Analyst Ratings Changes
A number of research firms have issued reports on EGO. Royal Bank of Canada lifted their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday. Canaccord Genuity Group lowered their price target on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, Scotiabank raised their price target on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.70.
Check Out Our Latest Analysis on Eldorado Gold
Eldorado Gold Trading Up 0.6%
The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 15.19 and a beta of 0.47. The company's 50 day moving average is $19.04 and its 200 day moving average is $16.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.
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 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). The company had revenue of $341.59 million for the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. On average, research analysts forecast that Eldorado Gold Co. will post 1.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Eldorado Gold
Several institutional investors and hedge funds have recently bought and sold shares of the business. Donald Smith & CO. Inc. increased its holdings in Eldorado Gold by 3.2% in the 1st quarter. Donald Smith & CO. Inc. now owns 12,492,756 shares of the basic materials company's stock valued at $210,128,000 after buying an additional 391,776 shares during the period. L1 Capital Pty Ltd lifted its holdings in shares of Eldorado Gold by 22.7% during the first quarter. L1 Capital Pty Ltd now owns 8,774,080 shares of the basic materials company's stock valued at $147,580,000 after acquiring an additional 1,621,173 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Eldorado Gold by 1.9% during the first quarter. Vanguard Group Inc. now owns 8,029,969 shares of the basic materials company's stock valued at $134,984,000 after acquiring an additional 148,567 shares during the period. Jennison Associates LLC grew its holdings in shares of Eldorado Gold by 2.2% in the 1st quarter. Jennison Associates LLC now owns 7,245,804 shares of the basic materials company's stock worth $121,874,000 after purchasing an additional 155,619 shares during the last quarter. Finally, Carrhae Capital LLP grew its holdings in shares of Eldorado Gold by 10.7% in the 1st quarter. Carrhae Capital LLP now owns 6,689,304 shares of the basic materials company's stock worth $112,514,000 after purchasing an additional 648,574 shares during the last quarter. Institutional investors 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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