Eldorado Gold (NYSE:EGO) Shares Gap Down to $15.04

Shares of Eldorado Gold Co. (NYSE:EGO - Get Free Report) TSE: ELD gapped down prior to trading on Monday . The stock had previously closed at $15.04, but opened at $14.40. Eldorado Gold shares last traded at $14.64, with a volume of 466,984 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on EGO shares. TD Securities lowered their price target on Eldorado Gold from $14.50 to $13.00 and set a "hold" rating for the company in a research note on Monday, February 26th. CIBC increased their target price on Eldorado Gold from $16.50 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Stifel Canada cut Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, January 26th. Stifel Nicolaus reissued a "hold" rating on shares of Eldorado Gold in a research note on Friday, January 26th. Finally, National Bank Financial reissued an "outperform spec overweight" rating on shares of Eldorado Gold in a research note on Monday, April 8th. One 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. According to MarketBeat.com, Eldorado Gold presently has a consensus rating of "Hold" and a consensus price target of $13.30.

Eldorado Gold Trading Down 4.9 %

The company has a market cap of $2.92 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 6.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.53 and a current ratio of 3.39. The firm has a fifty day moving average price of $13.00 and a 200 day moving average price of $12.20.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $306.90 million during the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. As a group, equities analysts predict that Eldorado Gold Co. will post 0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Eldorado Gold

Several large investors have recently made changes to their positions in the stock. Shell Asset Management Co. lifted its position in Eldorado Gold by 8.2% during the third quarter. Shell Asset Management Co. now owns 15,900 shares of the basic materials company's stock worth $143,000 after acquiring an additional 1,200 shares during the last quarter. Bank of Nova Scotia lifted its holdings in Eldorado Gold by 10.2% during the 3rd quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company's stock worth $130,000 after purchasing an additional 1,343 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Eldorado Gold by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,132 shares of the basic materials company's stock valued at $625,000 after purchasing an additional 1,630 shares during the period. Parkside Financial Bank & Trust acquired a new position in Eldorado Gold in the 4th quarter valued at $35,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Eldorado Gold in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 69.58% of the company's stock.

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.