Brokerages Set Eldorado Gold Co. (NYSE:EGO) PT at $13.90

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.90.

A number of equities research analysts have commented on the stock. CIBC raised their target price 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. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. TD Securities cut their price objective on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a report on Monday, February 26th. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Eldorado Gold by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,774,270 shares of the basic materials company’s stock valued at $87,862,000 after purchasing an additional 79,670 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Eldorado Gold by 20.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 29,000 shares of the basic materials company’s stock valued at $376,000 after purchasing an additional 5,000 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Eldorado Gold by 14.5% in the fourth quarter. Legal & General Group Plc now owns 186,628 shares of the basic materials company’s stock valued at $2,434,000 after purchasing an additional 23,581 shares in the last quarter. Barclays PLC grew its holdings in shares of Eldorado Gold by 349.3% in the fourth quarter. Barclays PLC now owns 212,713 shares of the basic materials company’s stock valued at $2,758,000 after purchasing an additional 165,367 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Eldorado Gold by 134.9% in the fourth quarter. Vident Advisory LLC now owns 345,759 shares of the basic materials company’s stock valued at $4,484,000 after purchasing an additional 198,580 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Price Performance

NYSE EGO opened at $15.11 on Thursday. Eldorado Gold has a 12 month low of $8.30 and a 12 month high of $16.01. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 6.45 and a beta of 1.10. The company’s 50 day moving average is $12.73 and its two-hundred day moving average is $11.98. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%. The company had revenue of $306.90 million for the quarter. As a group, research analysts anticipate that Eldorado Gold will post 0.76 earnings per share for the current year.

About Eldorado Gold

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.