Eldorado Gold (NYSE:EGO) Sets New 1-Year High at $14.38

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $14.38 and last traded at $14.38, with a volume of 17653 shares traded. The stock had previously closed at $14.07.

Analyst Ratings Changes

A number of research firms recently issued reports on EGO. Stifel Nicolaus restated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. CIBC lifted 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. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Wednesday, January 3rd. TD Securities reduced their target price on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Finally, Stifel Canada downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.00.

Eldorado Gold Price Performance

The business’s 50-day moving average price is $12.20 and its 200 day moving average price is $11.62. The company has a quick ratio of 2.53, a current ratio of 3.39 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $3.00 billion, a P/E ratio of 27.86 and a beta of 1.10.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $306.90 million for the quarter. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%. Analysts anticipate that Eldorado Gold Co. will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust purchased a new position in Eldorado Gold in the 4th quarter worth approximately $35,000. C M Bidwell & Associates Ltd. purchased a new position in Eldorado Gold in the 4th quarter worth approximately $37,000. US Bancorp DE lifted its holdings in Eldorado Gold by 682.7% in the 4th quarter. US Bancorp DE now owns 4,970 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 4,335 shares in the last quarter. Tobam purchased a new position in Eldorado Gold in the 4th quarter worth approximately $68,000. Finally, Russell Investments Group Ltd. purchased a new position in Eldorado Gold in the 2nd quarter worth approximately $88,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

About Eldorado Gold

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.