Eldorado Gold (NYSE:EGO) Stock Price Down 5.2% - Should You Sell?

Shares of Eldorado Gold Corporation (NYSE:EGO - Get Free Report) TSE: ELD were down 5.2% on Tuesday . The stock traded as low as $19.98 and last traded at $19.80. Approximately 309,888 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,681,572 shares. The stock had previously closed at $20.88.

Wall Street Analyst Weigh In

Several analysts have weighed in on EGO shares. Wall Street Zen upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Scotiabank upped their target price on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a report on Tuesday, June 24th. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Royal Bank Of Canada upped their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

Eldorado Gold Stock Performance

The stock has a market capitalization of $4.20 billion, a PE ratio of 12.87, a PEG ratio of 0.34 and a beta of 0.46. The business has a 50 day moving average price of $20.09 and a 200 day moving average price of $17.33. 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 released its earnings results on Thursday, May 1st. The basic materials company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). Eldorado Gold had a return on equity of 8.41% and a net margin of 23.10%. The company had revenue of $341.59 million during the quarter, compared to analysts' expectations of $319.83 million. As a group, equities research analysts expect that Eldorado Gold Corporation will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On Eldorado Gold

Several institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. boosted its position in shares of Eldorado Gold by 26.5% during the fourth 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 valued at $2,664,000 after buying an additional 1,174 shares during the last quarter. LaSalle St. Investment Advisors LLC boosted its position in shares of Eldorado Gold by 7.0% during the first quarter. LaSalle St. Investment Advisors LLC now owns 19,574 shares of the basic materials company's stock valued at $329,000 after buying an additional 1,275 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Eldorado Gold by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock valued at $496,000 after buying an additional 1,500 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position 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 valued at $517,000 after buying an additional 1,580 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

About Eldorado Gold

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.