Shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $2.51.
Several research analysts have recently weighed in on EGO shares. Zacks Investment Research upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Monday, October 15th. ValuEngine lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. BMO Capital Markets reiterated a “hold” rating on shares of Eldorado Gold in a report on Monday, December 17th. Canaccord Genuity reiterated a “hold” rating on shares of Eldorado Gold in a report on Sunday, November 25th. Finally, Desjardins upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a report on Monday, January 7th.
Shares of Eldorado Gold stock traded down $0.01 during mid-day trading on Wednesday, hitting $4.03. 134,451 shares of the stock were exchanged, compared to its average volume of 2,222,251. The stock has a market capitalization of $627.26 million, a P/E ratio of 40.70, a P/E/G ratio of 5.60 and a beta of 1.67. Eldorado Gold has a twelve month low of $2.52 and a twelve month high of $6.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.33 and a quick ratio of 4.79.
A number of hedge funds and other institutional investors have recently bought and sold shares of EGO. Ruffer LLP purchased a new position in Eldorado Gold in the fourth quarter valued at approximately $5,126,000. Nordea Investment Management AB purchased a new stake in shares of Eldorado Gold during the third quarter valued at approximately $5,896,000. Renaissance Technologies LLC purchased a new stake in shares of Eldorado Gold during the second quarter valued at approximately $3,327,000. Bank of Montreal Can raised its stake in shares of Eldorado Gold by 41.7% during the third quarter. Bank of Montreal Can now owns 9,193,521 shares of the basic materials company’s stock valued at $8,119,000 after purchasing an additional 2,705,113 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Eldorado Gold by 24.5% during the third quarter. Schroder Investment Management Group now owns 6,408,689 shares of the basic materials company’s stock valued at $6,400,000 after purchasing an additional 1,259,292 shares during the period.
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 holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.
Further Reading: Convertible Shares
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.