Eldorado Gold Co. (NYSE:EGO) Receives Average Recommendation of “Hold” from Analysts

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has received an average rating of “Hold” from the three research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.00.

A number of brokerages have commented on EGO. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 7th. TD Securities decreased their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Scotiabank dropped their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research note on Friday, February 7th.

Institutional Investors Weigh In On Eldorado Gold

Large investors have recently bought and sold shares of the company. Carrhae Capital LLP lifted its stake in Eldorado Gold by 13.9% in the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock valued at $89,826,000 after purchasing an additional 738,233 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Eldorado Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company’s stock worth $117,228,000 after acquiring an additional 136,594 shares in the last quarter. LPL Financial LLC lifted its stake in Eldorado Gold by 100.6% in the fourth quarter. LPL Financial LLC now owns 22,506 shares of the basic materials company’s stock valued at $335,000 after buying an additional 11,285 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Eldorado Gold during the 4th quarter valued at $254,000. Finally, Sei Investments Co. acquired a new position in shares of Eldorado Gold during the fourth quarter valued at about $1,088,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Trading Down 0.5 %

EGO opened at $14.43 on Wednesday. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06. The stock has a market capitalization of $2.96 billion, a PE ratio of 10.77 and a beta of 0.93. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $15.35 and a two-hundred day moving average price of $16.40.

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.