Eldorado Gold (NYSE:EGO) Sets New 52-Week High at $16.11

Eldorado Gold Co. (NYSE:EGOGet Free Report) (TSE:ELD) reached a new 52-week high during trading on Friday . The company traded as high as $16.11 and last traded at $16.07, with a volume of 1086869 shares. The stock had previously closed at $15.29.

Analyst Upgrades and Downgrades

EGO has been the subject of a number of research reports. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. CIBC upped their price objective 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. TD Securities lowered their price objective 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. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and an average target price of $13.30.

Read Our Latest Stock Analysis on EGO

Eldorado Gold Trading Up 5.9 %

The firm has a market capitalization of $3.30 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 4.86 and a beta of 1.12. The company’s 50-day simple moving average is $14.43 and its 200 day simple moving average is $12.84. The company has a quick ratio of 2.52, a current ratio of 3.50 and a debt-to-equity ratio of 0.18.

Eldorado Gold (NYSE:EGOGet Free Report) (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 business had revenue of $257.97 million during the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, sell-side analysts expect that Eldorado Gold Co. will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds have recently modified their holdings of EGO. Jennison Associates LLC acquired a new position in shares of Eldorado Gold during the first quarter valued at about $36,374,000. Ninety One UK Ltd acquired a new position in shares of Eldorado Gold during the fourth quarter valued at about $32,473,000. Donald Smith & CO. Inc. increased its holdings in shares of Eldorado Gold by 20.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,708,184 shares of the basic materials company’s stock valued at $164,825,000 after acquiring an additional 2,136,824 shares in the last quarter. Boston Partners acquired a new position in shares of Eldorado Gold during the fourth quarter valued at about $27,167,000. Finally, Van ECK Associates Corp increased its holdings in shares of Eldorado Gold by 10.8% during the third quarter. Van ECK Associates Corp now owns 21,446,611 shares of the basic materials company’s stock valued at $191,091,000 after acquiring an additional 2,094,276 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Company Profile

(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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