Eldorado Gold Corporation (NYSE:EGO – Get Free Report) (TSE:ELD) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.00.
A number of brokerages recently commented on EGO. Royal Bank Of Canada decreased their target price on Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, July 31st. Bank of America boosted their price objective on shares of Eldorado Gold from $31.00 to $33.00 and gave the company an “underperform” rating in a research report on Thursday, July 9th. Zacks Research lowered shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, 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 target price for the company.
View Our Latest Analysis on EGO
Institutional Trading of Eldorado Gold
Eldorado Gold Stock Up 1.4%
Shares of NYSE:EGO opened at $44.52 on Thursday. Eldorado Gold has a 1 year low of $24.44 and a 1 year high of $51.16. The company has a market cap of $11.63 billion, a PE ratio of 15.79, a P/E/G ratio of 0.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.31 and a quick ratio of 0.85. The stock’s 50-day moving average is $36.89 and its 200 day moving average is $35.34.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The business had revenue of $487.50 million during the quarter, compared to analysts’ expectations of $529.92 million. Eldorado Gold had a return on equity of 10.91% and a net margin of 29.83%. Sell-side analysts anticipate that Eldorado Gold will post 3.23 EPS for the current year.
Eldorado Gold Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. Eldorado Gold’s payout ratio is currently 10.64%.
Eldorado Gold Company Profile
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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