Eldorado Gold (NYSE:EGO) Stock Rating Upgraded by Wall Street Zen

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Friday.

A number of other research firms also recently commented on EGO. Royal Bank of Canada lifted 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. Canaccord Genuity Group cut their target price 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. Scotiabank lifted their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Eldorado Gold Stock Up 0.6%

Shares of EGO traded up $0.14 on Friday, hitting $21.27. 1,801,853 shares of the stock traded hands, compared to its average volume of 1,658,639. Eldorado Gold has a one year low of $13.29 and a one year high of $21.79. The business has a 50 day simple moving average of $19.04 and a 200 day simple moving average of $16.59. The company has a market capitalization of $4.37 billion, a PE ratio of 15.19 and a beta of 0.47. 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 quarterly earnings data 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). Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The business had revenue of $341.59 million during the quarter, compared to the consensus estimate of $319.83 million. As a group, equities analysts forecast that Eldorado Gold will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds and other institutional investors have recently modified their holdings of EGO. Continuum Advisory LLC increased its stake in shares of Eldorado Gold by 335.3% in the 1st 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. increased its stake in shares of Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after purchasing an additional 682 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Eldorado Gold in the 4th quarter worth $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Eldorado Gold in the 4th quarter worth $113,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Eldorado Gold in the 4th quarter worth $153,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Company Profile

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.