Eldorado Gold Corporation (NYSE:EGO – Get Free Report) (TSE:ELD) has been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $44.50.
A number of equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. TD Securities dropped their price target on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Scotiabank dropped their price target on Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 21st. Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th.
Get Our Latest Stock Analysis on Eldorado Gold
Eldorado Gold Trading Up 3.1%
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $532.43 million during the quarter, compared to analysts’ expectations of $503.31 million. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%. As a group, sell-side analysts forecast that Eldorado Gold will post 4.27 EPS for the current year.
Eldorado Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $0.30 annualized dividend and a yield of 1.0%. Eldorado Gold’s dividend payout ratio is presently 10.68%.
Institutional Investors Weigh In On Eldorado Gold
A number of large investors have recently modified their holdings of the business. Linden Thomas Advisory Services LLC boosted its holdings in shares of Eldorado Gold by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 318 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Eldorado Gold by 2.7% in the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock valued at $508,000 after purchasing an additional 371 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Eldorado Gold by 0.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock worth $1,794,000 after acquiring an additional 582 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Eldorado Gold by 8.7% during the first quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 819 shares in the last quarter. Finally, Smartleaf Asset Management LLC acquired a new position in Eldorado Gold during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 69.58% of the company’s stock.
About Eldorado Gold
Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.
Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.
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