Eldorado Gold (NYSE:EGO) (TSE:ELD) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a report released on Monday, Zacks.com reports.
According to Zacks, "Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey. "
EGO has been the topic of several other research reports. CIBC increased their price target on shares of Eldorado Gold from $16.75 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, February 8th. Bank of America cut shares of Eldorado Gold from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 9th. BMO Capital Markets reduced their price target on shares of Eldorado Gold from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, January 15th. CSFB set a $13.00 price target on shares of Eldorado Gold and gave the stock an "underperform" rating in a research report on Friday, January 15th. Finally, National Bank Financial reaffirmed an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Eldorado Gold has a consensus rating of "Hold" and a consensus target price of $14.95.
Shares of Eldorado Gold stock traded down $0.33 during trading hours on Monday, hitting $11.67. 1,370,546 shares of the company's stock traded hands, compared to its average volume of 2,549,868. The stock has a 50 day simple moving average of $11.85 and a 200-day simple moving average of $12.20. The company has a quick ratio of 1.38, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.04 billion, a PE ratio of 11.33, a PEG ratio of 2.36 and a beta of 1.49. Eldorado Gold has a twelve month low of $5.09 and a twelve month high of $14.49.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $278.50 million during the quarter. Eldorado Gold had a return on equity of 3.76% and a net margin of 18.40%. As a group, equities research analysts predict that Eldorado Gold will post 1.01 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of EGO. BlackRock Inc. lifted its holdings in Eldorado Gold by 151.4% in the fourth quarter. BlackRock Inc. now owns 11,970,290 shares of the basic materials company's stock worth $158,846,000 after acquiring an additional 7,207,932 shares during the last quarter. Norges Bank bought a new position in Eldorado Gold in the fourth quarter worth about $28,649,000. Van ECK Associates Corp lifted its holdings in Eldorado Gold by 10.8% in the third quarter. Van ECK Associates Corp now owns 19,149,446 shares of the basic materials company's stock worth $202,027,000 after acquiring an additional 1,865,506 shares during the last quarter. Morgan Stanley lifted its holdings in Eldorado Gold by 22.7% in the third quarter. Morgan Stanley now owns 1,999,791 shares of the basic materials company's stock worth $21,099,000 after acquiring an additional 370,506 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Eldorado Gold during the fourth quarter valued at approximately $4,133,000. 50.73% of the stock is currently owned by hedge funds and other institutional investors.
Eldorado Gold Company Profile
Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.
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