Eldorado Gold (NYSE:EGO) PT Raised to $18.00 at Scotiabank

Eldorado Gold (NYSE:EGO - Free Report) TSE: ELD had its target price lifted by Scotiabank from $15.00 to $18.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a sector perform rating on the basic materials company's stock.

A number of other research analysts also recently weighed in on EGO. Stifel Nicolaus reissued a hold rating on shares of Eldorado Gold in a research note on Friday, January 26th. Stifel Canada cut shares of Eldorado Gold from a buy rating to a hold rating in a research report on Friday, January 26th. National Bank Financial reiterated an outperform spec overweight rating on shares of Eldorado Gold in a research report on Monday, April 8th. TD Securities lowered their price objective on shares of Eldorado Gold from $14.50 to $13.00 and set a hold rating for the company in a research report on Monday, February 26th. Finally, CIBC upped their price objective on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $14.08.

Eldorado Gold Stock Down 2.4 %

NYSE:EGO traded down $0.38 on Thursday, reaching $15.34. The stock had a trading volume of 1,357,983 shares, compared to its average volume of 1,625,018. The company has a current ratio of 3.50, a quick ratio of 2.52 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $14.66 and a 200 day moving average of $12.95. The stock has a market cap of $3.13 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 0.33 and a beta of 1.12. Eldorado Gold has a 12-month low of $8.30 and a 12-month high of $16.69.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. The business had revenue of $257.97 million for the quarter. During the same quarter last year, the company posted $0.11 EPS. On average, research analysts predict that Eldorado Gold will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust purchased a new position in Eldorado Gold during the fourth quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. purchased a new position in Eldorado Gold during the fourth quarter valued at approximately $37,000. Tobam purchased a new position in Eldorado Gold during the fourth quarter valued at approximately $68,000. Atria Wealth Solutions Inc. purchased a new position in Eldorado Gold during the third quarter valued at approximately $89,000. Finally, Aigen Investment Management LP purchased a new position in Eldorado Gold during the fourth quarter valued at approximately $134,000. 69.58% of the stock is currently owned by 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.