Desjardins upgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a sell rating to a hold rating in a research note released on Monday, MarketBeat Ratings reports. Desjardins also issued estimates for Eldorado Gold’s Q4 2018 earnings at ($0.08) EPS, FY2018 earnings at ($0.14) EPS, Q1 2019 earnings at ($0.09) EPS, Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.26) EPS.

Several other equities analysts also recently issued reports on the stock. National Bank Financial started coverage on shares of Eldorado Gold in a report on Thursday, October 18th. They set an outperform rating for the company. BMO Capital Markets reaffirmed a hold rating on shares of Eldorado Gold in a research note on Monday, December 17th. Zacks Investment Research raised shares of Eldorado Gold from a hold rating to a buy rating and set a $1.00 target price for the company in a research note on Monday, October 15th. ValuEngine raised shares of Eldorado Gold from a sell rating to a hold rating in a research note on Thursday, November 1st. Finally, Canaccord Genuity reaffirmed a hold rating on shares of Eldorado Gold in a research note on Sunday, November 25th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Eldorado Gold has an average rating of Hold and an average price target of $1.11.

Shares of EGO stock opened at $3.02 on Monday. Eldorado Gold has a 12-month low of $2.73 and a 12-month high of $7.35. The stock has a market cap of $516.11 million, a P/E ratio of 30.20 and a beta of 1.28. The company has a quick ratio of 4.79, a current ratio of 6.33 and a debt-to-equity ratio of 0.17.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Eldorado Gold had a negative net margin of 35.17% and a negative return on equity of 0.27%. The firm had revenue of $81.07 million for the quarter, compared to the consensus estimate of $107.21 million. On average, equities research analysts expect that Eldorado Gold will post -0.12 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of EGO. Tower Research Capital LLC TRC raised its stake in shares of Eldorado Gold by 1,257.3% during the third quarter. Tower Research Capital LLC TRC now owns 227,252 shares of the basic materials company’s stock worth $201,000 after buying an additional 210,509 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Eldorado Gold by 479.6% during the second quarter. Russell Investments Group Ltd. now owns 346,881 shares of the basic materials company’s stock worth $343,000 after buying an additional 287,028 shares during the last quarter. U S Global Investors Inc bought a new stake in shares of Eldorado Gold during the third quarter worth approximately $396,000. Cubist Systematic Strategies LLC raised its stake in shares of Eldorado Gold by 26.0% during the second quarter. Cubist Systematic Strategies LLC now owns 420,255 shares of the basic materials company’s stock worth $418,000 after buying an additional 86,696 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Eldorado Gold by 2.5% during the third quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock worth $494,000 after buying an additional 13,649 shares during the last quarter.

Eldorado Gold Company Profile

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.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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