Eldorado Gold (NYSE:EGO) Raised to “Buy” at StockNews.com

Eldorado Gold (NYSE:EGO) (TSE:ELD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research firms have also recently weighed in on EGO. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Finally, Scotiabank dropped their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.

Eldorado Gold Trading Up 7.2 %

Shares of EGO stock opened at $19.30 on Thursday. The business’s 50 day moving average is $15.33 and its two-hundred day moving average is $15.90. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 12 month low of $13.29 and a 12 month high of $19.55. The company has a market cap of $3.96 billion, a PE ratio of 13.79 and a beta of 0.81.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. Equities analysts predict that Eldorado Gold will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Eldorado Gold

A number of hedge funds have recently made changes to their positions in EGO. TD Waterhouse Canada Inc. boosted its holdings in shares of Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 682 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Eldorado Gold in the 4th quarter valued at $55,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Eldorado Gold in the fourth quarter worth $113,000. Tradition Wealth Management LLC bought a new stake in shares of Eldorado Gold during the fourth quarter worth $153,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Eldorado Gold during the fourth quarter worth $183,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.