Eldorado Gold Co. (NYSE:EGO – Get Rating) (TSE:ELD) has been given a consensus rating of "Moderate Buy" by the nine ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.10.
EGO has been the topic of several research reports. National Bank Financial raised their target price on Eldorado Gold from C$15.00 to C$15.50 in a research report on Tuesday, August 2nd. TD Securities decreased their target price 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. Stifel Nicolaus reduced their price objective on Eldorado Gold from C$20.25 to C$18.00 in a research note on Wednesday, July 20th. Canaccord Genuity Group upgraded Eldorado Gold from a "hold" rating to a "buy" rating and dropped their target price for the stock from C$17.00 to C$12.00 in a report on Wednesday, July 20th. Finally, Canaccord Genuity Group upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Wednesday, July 20th.
Get Eldorado Gold alerts:Eldorado Gold Trading Down 1.5 %
Eldorado Gold stock opened at $5.76 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.40. Eldorado Gold has a one year low of $5.21 and a one year high of $12.49. The stock has a market capitalization of $1.06 billion, a PE ratio of -2.41 and a beta of 1.39. The business's fifty day moving average is $5.90 and its 200 day moving average is $8.05.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of EGO. FinTrust Capital Advisors LLC boosted its stake 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 worth $56,000 after acquiring an additional 5,000 shares in the last quarter. Prelude Capital Management LLC purchased a new stake in Eldorado Gold during the 2nd quarter worth $78,000. LPL Financial LLC boosted its position in Eldorado Gold by 19.5% during the 2nd quarter. LPL Financial LLC now owns 12,286 shares of the basic materials company's stock worth $79,000 after purchasing an additional 2,008 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in Eldorado Gold during the 2nd quarter worth $80,000. Finally, Flow Traders U.S. LLC purchased a new position in Eldorado Gold in the 2nd quarter valued at about $98,000. 59.50% of the stock is currently owned by hedge funds and other institutional investors.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.
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