National Bank Financial reissued their outperform rating on shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) in a report published on Monday, The Fly reports.

A number of other brokerages have also issued reports on EGO. CIBC reaffirmed a buy rating and issued a $16.00 price target on shares of Eldorado Gold in a research note on Tuesday, September 15th. Royal Bank of Canada raised Eldorado Gold from an underperform rating to a sector perform rating and lifted their price target for the stock from $11.00 to $12.00 in a research note on Friday, October 9th. ValuEngine lowered Eldorado Gold from a sell rating to a strong sell rating in a research note on Wednesday, November 18th. BMO Capital Markets lifted their price target on Eldorado Gold from $20.00 to $22.00 and gave the stock an outperform rating in a research note on Monday, November 2nd. Finally, Zacks Investment Research lowered Eldorado Gold from a hold rating to a sell rating in a research note on Wednesday, December 30th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $13.56.

Eldorado Gold stock opened at $12.11 on Monday. The stock has a market capitalization of $2.12 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.62 and a beta of 1.47. Eldorado Gold has a 12 month low of $4.60 and a 12 month high of $14.49. The business has a 50 day simple moving average of $12.95 and a 200-day simple moving average of $12.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.38.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, October 29th. The basic materials company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The business had revenue of $287.60 million during the quarter. Eldorado Gold had a return on equity of 3.76% and a net margin of 18.40%. On average, equities research analysts anticipate that Eldorado Gold will post 1 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Eldorado Gold in the 1st quarter valued at $185,000. Bank of New York Mellon Corp boosted its position in shares of Eldorado Gold by 16.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,079 shares of the basic materials company’s stock valued at $650,000 after purchasing an additional 9,380 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Eldorado Gold by 42.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 298,369 shares of the basic materials company’s stock valued at $2,894,000 after purchasing an additional 88,923 shares during the period. Vanguard Group Inc. boosted its position in shares of Eldorado Gold by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,709,552 shares of the basic materials company’s stock valued at $45,683,000 after purchasing an additional 36,121 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of Eldorado Gold by 129.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 50,311 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 28,405 shares during the period. 50.90% of the stock is currently owned by institutional investors.

About Eldorado Gold

Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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