Eldorado Gold (NYSE:EGO) Rating Lowered to Hold at StockNews.com

Eldorado Gold (NYSE:EGO) (TSE:ELD) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts have also recently weighed in on EGO. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. TD Securities dropped their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. Stifel Nicolaus reissued a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, CIBC boosted their target price on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.30.

Eldorado Gold Price Performance

Shares of NYSE EGO opened at $14.31 on Friday. 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 firm’s 50 day simple moving average is $13.65 and its 200-day simple moving average is $12.50. Eldorado Gold has a 12 month low of $8.30 and a 12 month high of $16.07. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 4.90 and a beta of 1.12.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.27 EPS 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 net margin of 11.43% and a return on equity of 4.47%. During the same quarter in the prior year, the business posted $0.11 EPS. Analysts expect that Eldorado Gold will post 0.95 EPS for the current year.

Institutional Trading of Eldorado Gold

Several large investors have recently added to or reduced their stakes in EGO. Helikon Investments Ltd increased its position in Eldorado Gold by 1.7% during the third quarter. Helikon Investments Ltd now owns 29,438,478 shares of the basic materials company’s stock worth $262,297,000 after purchasing an additional 501,488 shares during the last quarter. Van ECK Associates Corp grew its position in Eldorado Gold by 1.7% in the first quarter. Van ECK Associates Corp now owns 22,526,713 shares of the basic materials company’s stock worth $316,950,000 after acquiring an additional 380,991 shares during the period. Donald Smith & CO. Inc. grew its position in Eldorado Gold by 20.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 12,708,184 shares of the basic materials company’s stock worth $164,825,000 after acquiring an additional 2,136,824 shares during the period. Vanguard Group Inc. grew its position in Eldorado Gold by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,774,270 shares of the basic materials company’s stock worth $87,862,000 after acquiring an additional 79,670 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Eldorado Gold by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,203,248 shares of the basic materials company’s stock worth $54,517,000 after acquiring an additional 295,282 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.