Eldorado Gold Co. (NYSE:EGO – Get Rating) (TSE:ELD) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 7,260,000 shares, a growth of 31.0% from the August 31st total of 5,540,000 shares. Based on an average daily trading volume, of 2,040,000 shares, the short-interest ratio is currently 3.6 days. Currently, 4.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EGO shares. Canaccord Genuity Group raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Wednesday, July 20th. TD Securities cut their price target on Eldorado Gold from $8.50 to $7.50 and set a "hold" rating on the stock in a research note on Wednesday, August 3rd. Canaccord Genuity Group raised Eldorado Gold from a "hold" rating to a "buy" rating and lowered their price objective for the company from C$17.00 to C$12.00 in a research note on Wednesday, July 20th. National Bank Financial lifted their target price on shares of Eldorado Gold from C$15.00 to C$15.50 in a research report on Tuesday, August 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Eldorado Gold from C$20.25 to C$18.00 in a report on Wednesday, July 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Eldorado Gold currently has an average rating of "Moderate Buy" and a consensus price target of $14.10.

Eldorado Gold Stock Up 2.4 %

Shares of EGO traded up $0.14 during mid-day trading on Friday, reaching $6.03. 4,920,108 shares of the company were exchanged, compared to its average volume of 2,262,845. The business has a 50 day simple moving average of $5.88 and a two-hundred day simple moving average of $7.85. Eldorado Gold has a 52 week low of $5.06 and a 52 week high of $12.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FinTrust Capital Advisors LLC lifted its position in shares of Eldorado Gold by 12,500.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,040 shares of the basic materials company's stock valued at $56,000 after acquiring an additional 5,000 shares during the period. Prelude Capital Management LLC bought a new position in shares of Eldorado Gold during the 2nd quarter worth about $78,000. LPL Financial LLC grew its stake in shares of Eldorado Gold by 19.5% in the 2nd quarter. LPL Financial LLC now owns 12,286 shares of the basic materials company's stock valued at $79,000 after buying an additional 2,008 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Eldorado Gold in the 2nd quarter valued at about $80,000. Finally, Flow Traders U.S. LLC bought a new stake in Eldorado Gold in the 2nd quarter valued at about $98,000. 59.50% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Company Profile

(Get Rating)

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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.

Read More

• Get a free copy of the StockNews.com research report on Eldorado Gold (EGO)
• This Is A Memorable Time To Buy Into Micron Technology
• Declining Profits Challenge the CarMax Value Proposition
• Thor Industries Hammers Out A Bottom
• Let Paychex Stock Work Hard For You
• How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?

Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.