Brokerages Set Eldorado Gold Co. (NYSE:EGO) Target Price at $15.60

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $15.60.

EGO has been the subject of several analyst reports. Scotiabank raised their target price on shares of Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $14.00 to $20.00 in a research report on Wednesday, May 29th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday.

Institutional Trading of Eldorado Gold

Large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust purchased a new position in Eldorado Gold during the 4th quarter valued at about $35,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Eldorado Gold during the 4th quarter valued at $37,000. Tobam acquired a new stake in shares of Eldorado Gold in the 4th quarter worth $68,000. Bank of Nova Scotia grew its stake 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 buying an additional 1,343 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Eldorado Gold during the 4th quarter valued at about $134,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Trading Down 0.7 %

Shares of NYSE EGO opened at $14.68 on Tuesday. Eldorado Gold has a 1-year low of $8.30 and a 1-year high of $16.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.50 and a quick ratio of 2.52. The business’s 50 day moving average is $15.20 and its two-hundred day moving average is $13.63. The stock has a market capitalization of $3.00 billion, a P/E ratio of 25.75, a PEG ratio of 0.27 and a beta of 0.92.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $257.97 million for the quarter. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, research analysts expect that Eldorado Gold will post 1.09 EPS for the current year.

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.