Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.
EGO has been the topic of several other research reports. Jefferies Financial Group assumed coverage on shares of Eldorado Gold in a research report on Thursday, August 20th. They issued a “buy” rating and a $50.00 price target on the stock. Scotiabank cut their price target on Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Weiss Ratings raised Eldorado Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Royal Bank Of Canada boosted their price objective on Eldorado Gold from $37.00 to $41.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Finally, Canadian Imperial Bank of Commerce raised Eldorado Gold from a “neutral” rating to an “outperform” rating in a research note on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and an average price target of $46.57.
View Our Latest Report on Eldorado Gold
Eldorado Gold Stock Up 0.0%
Eldorado Gold stock opened at $35.15 on Monday. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.67. The firm’s fifty day moving average price is $41.01 and its two-hundred day moving average price is $35.48. Eldorado Gold has a 1-year low of $24.44 and a 1-year high of $51.16. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $487.50 million during the quarter, compared to the consensus estimate of $529.92 million. Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. On average, equities research analysts predict that Eldorado Gold will post 3.13 earnings per share for the current fiscal year.
Institutional Trading of Eldorado Gold
Several hedge funds have recently added to or reduced their stakes in EGO. Continuum Advisory LLC purchased a new position in Eldorado Gold in the second quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in shares of Eldorado Gold by 8.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 819 shares during the period. Farther Finance Advisors LLC grew its position in shares of Eldorado Gold by 217.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,295 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 887 shares during the period. Fortitude Family Office LLC bought a new position in shares of Eldorado Gold during the 3rd quarter valued at approximately $58,000. Finally, Bank of New York Mellon Corp grew its position in shares of Eldorado Gold by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 65,774 shares of the basic materials company’s stock valued at $2,258,000 after acquiring an additional 1,841 shares during the period. Institutional investors own 69.58% of the company’s stock.
About Eldorado Gold
Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.
Eldorado’s operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.
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