Eldorado Gold (NYSE:EGO) Upgraded at StockNews.com

StockNews.com upgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a hold rating to a buy rating in a research report released on Thursday.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Scotiabank lowered their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Finally, National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.75.

Eldorado Gold Stock Up 7.2 %

EGO stock opened at $19.30 on Thursday. Eldorado Gold has a twelve month low of $13.29 and a twelve month high of $19.55. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.97 billion, a PE ratio of 13.79 and a beta of 0.81. The business’s 50-day simple moving average is $15.33 and its 200 day simple moving average is $15.90.

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

Institutional Investors Weigh In On Eldorado Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its holdings in Eldorado Gold by 2.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company’s stock valued at $179,942,000 after purchasing an additional 309,599 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Eldorado Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company’s stock worth $117,228,000 after buying an additional 136,594 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after acquiring an additional 1,058,137 shares during the last quarter. Carrhae Capital LLP boosted its holdings in shares of Eldorado Gold by 13.9% in the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock worth $89,826,000 after acquiring an additional 738,233 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Eldorado Gold by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,971,617 shares of the basic materials company’s stock worth $73,927,000 after acquiring an additional 74,389 shares during the last quarter. 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.