Eldorado Gold (NYSE:EGO) (TSE:ELD) has received an average rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $1.25.
EGO has been the subject of several research analyst reports. Credit Suisse Group set a $1.00 price objective on shares of Eldorado Gold and gave the company a “hold” rating in a research note on Wednesday, April 4th. TD Securities decreased their target price on shares of Eldorado Gold from $1.60 to $1.20 and set a “hold” rating for the company in a research note on Friday, March 23rd. Scotiabank decreased their target price on shares of Eldorado Gold from $2.00 to $1.50 and set a “hold” rating for the company in a research note on Friday, March 23rd. Zacks Investment Research upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, CIBC upgraded shares of Eldorado Gold from a “sector underperform” rating to a “neutral” rating and decreased their target price for the stock from $1.70 to $1.30 in a research note on Thursday, April 5th.
NYSE EGO traded up $0.01 during trading hours on Thursday, hitting $0.98. The company had a trading volume of 16,292,117 shares, compared to its average volume of 11,604,032. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.46 and a quick ratio of 4.98. Eldorado Gold has a 1-year low of $0.80 and a 1-year high of $3.76. The company has a market capitalization of $747.16, a PE ratio of 48.62, a P/E/G ratio of 18.82 and a beta of 1.38.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Eldorado Gold by 4,078.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 63,304 shares of the basic materials company’s stock worth $115,000 after buying an additional 61,789 shares during the period. OTA Financial Group L.P. acquired a new stake in shares of Eldorado Gold during the fourth quarter worth about $200,000. Two Sigma Securities LLC raised its holdings in Eldorado Gold by 133.5% during the fourth quarter. Two Sigma Securities LLC now owns 164,139 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 93,849 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in Eldorado Gold by 72.7% during the third quarter. AMP Capital Investors Ltd now owns 167,521 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 70,500 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in Eldorado Gold by 608.4% during the third quarter. Virtu Financial LLC now owns 242,068 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 207,899 shares in the last quarter. Institutional investors and hedge funds own 51.61% of the company’s stock.
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About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.
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