Eldorado Gold (NYSE:EGO) Stock Rating Upgraded by StockNews.com

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

EGO has been the subject of a number of other research reports. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. Stifel Canada downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating on shares of Eldorado Gold in a research report on Friday, January 26th. TD Securities lowered their target price 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. Finally, CIBC lifted their target price on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.30.

Read Our Latest Stock Analysis on Eldorado Gold

Eldorado Gold Trading Down 1.7 %

NYSE:EGO opened at $14.82 on Monday. The company has a current ratio of 3.50, a quick ratio of 2.52 and a debt-to-equity ratio of 0.18. Eldorado Gold has a 12 month low of $8.30 and a 12 month high of $16.07. The company has a market cap of $3.02 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 4.60 and a beta of 1.12. The company has a 50 day simple moving average of $14.24 and a two-hundred day simple moving average of $12.75.

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) last posted its earnings results on Friday, April 26th. The basic materials company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. The business had revenue of $257.97 million during the quarter. During the same period last year, the firm posted $0.11 EPS. Research analysts forecast that Eldorado Gold will post 0.99 earnings per share for the current year.

Institutional Trading of Eldorado Gold

Several hedge funds have recently bought and sold shares of the stock. Gabelli Funds LLC lifted its stake in Eldorado Gold by 2.8% in the 1st quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company’s stock worth $28,421,000 after purchasing an additional 55,000 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Eldorado Gold by 18.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 148,520 shares of the basic materials company’s stock worth $2,090,000 after purchasing an additional 23,500 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Eldorado Gold by 130.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company’s stock worth $890,000 after purchasing an additional 35,820 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Eldorado Gold by 20.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 2,137,927 shares of the basic materials company’s stock worth $30,065,000 after purchasing an additional 369,127 shares in the last quarter. Finally, Donald Smith & CO. Inc. lifted its stake in Eldorado Gold by 9.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock worth $196,261,000 after purchasing an additional 1,240,732 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Eldorado Gold

(Get Free Report)

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.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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