Eldorado Gold (NYSE:EGO) Sets New 52-Week High at $16.07

Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD's stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $16.07 and last traded at $15.28, with a volume of 697136 shares trading hands. The stock had previously closed at $14.78.

Wall Street Analysts Forecast Growth

EGO has been the topic of a number of recent research reports. CIBC boosted their target price on Eldorado Gold from $16.50 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. TD Securities dropped their target price on Eldorado Gold from $14.50 to $13.00 and set a "hold" rating on the stock in a report on Monday, February 26th. Stifel Canada lowered Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, January 26th. Stifel Nicolaus reissued a "hold" rating on shares of Eldorado Gold in a report on Friday, January 26th. Finally, National Bank Financial reissued an "outperform spec overweight" rating on shares of Eldorado Gold in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $13.30.

Eldorado Gold Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.39 and a quick ratio of 2.53. The stock has a market capitalization of $3.10 billion, a PE ratio of 28.67, a P/E/G ratio of 6.40 and a beta of 1.10. The stock has a 50 day moving average of $13.30 and a two-hundred day moving average of $12.31.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. The firm had revenue of $306.90 million for the quarter. Research analysts expect that Eldorado Gold Co. will post 0.73 EPS for the current fiscal year.

Institutional Trading of Eldorado Gold

A number of institutional investors have recently bought and sold shares of EGO. Ninety One UK Ltd purchased a new stake in Eldorado Gold during the fourth quarter worth $32,473,000. Donald Smith & CO. Inc. boosted its stake in shares of Eldorado Gold by 20.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,708,184 shares of the basic materials company's stock valued at $164,825,000 after acquiring an additional 2,136,824 shares during the last quarter. Boston Partners purchased a new position in Eldorado Gold during the fourth quarter worth about $27,167,000. Van ECK Associates Corp lifted its position in Eldorado Gold by 10.8% during the third quarter. Van ECK Associates Corp now owns 21,446,611 shares of the basic materials company's stock worth $191,091,000 after buying an additional 2,094,276 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Eldorado Gold during the fourth quarter worth about $24,273,000. 69.58% of the stock is currently 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.