Eldorado Gold (NYSE:EGO) (TSE:ELD) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Briefing.com Automated Import reports.
EGO has been the subject of a number of other reports. TD Securities upped their price objective on Eldorado Gold from $7.00 to $9.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. ValuEngine cut Eldorado Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded Eldorado Gold from an “underweight” rating to a “neutral” rating and set a $6.00 price objective for the company in a research note on Wednesday, June 26th. GMP Securities cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Zacks Investment Research upgraded Eldorado Gold from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.71.
Shares of NYSE EGO opened at $8.57 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.20 and a quick ratio of 1.37. The stock has a market capitalization of $1.35 billion, a P/E ratio of -50.41, a price-to-earnings-growth ratio of 9.32 and a beta of 1.91. Eldorado Gold has a 1-year low of $2.52 and a 1-year high of $10.09. The business has a fifty day moving average price of $8.64 and a 200 day moving average price of $5.68.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $173.68 million for the quarter, compared to analysts’ expectations of $170.76 million. Eldorado Gold had a negative return on equity of 1.42% and a negative net margin of 84.44%. As a group, equities research analysts anticipate that Eldorado Gold will post 0.19 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Lansdowne Partners UK LLP acquired a new position in shares of Eldorado Gold in the second quarter valued at about $31,277,000. Vanguard Group Inc. increased its holdings in shares of Eldorado Gold by 2.7% in the second quarter. Vanguard Group Inc. now owns 4,271,311 shares of the basic materials company’s stock valued at $24,860,000 after purchasing an additional 113,961 shares during the period. Donald Smith & CO. Inc. increased its holdings in shares of Eldorado Gold by 104.7% in the first quarter. Donald Smith & CO. Inc. now owns 4,103,511 shares of the basic materials company’s stock valued at $18,999,000 after purchasing an additional 2,099,175 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Eldorado Gold by 78.2% in the second quarter. Renaissance Technologies LLC now owns 3,600,533 shares of the basic materials company’s stock valued at $20,955,000 after purchasing an additional 1,579,544 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Eldorado Gold by 7.0% in the second quarter. Morgan Stanley now owns 2,899,783 shares of the basic materials company’s stock valued at $16,877,000 after purchasing an additional 190,923 shares during the period. 46.74% of the stock is currently owned by institutional investors.
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 100% interest in Tocantinzinho gold project in Brazil.
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