Eldorado Gold Corporation (NYSE:EGO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $32.80.

Several brokerages have weighed in on EGO. Weiss Ratings reiterated a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $54.00 target price on shares of Eldorado Gold in a research note on Wednesday, February 4th. Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Scotiabank raised shares of Eldorado Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 26th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, November 4th.

Eldorado Gold Stock Performance

NYSE EGO opened at $47.42 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 0.21 and a beta of 0.51. Eldorado Gold has a fifty-two week low of $13.29 and a fifty-two week high of $51.16. The business has a fifty day moving average of $39.43 and a 200-day moving average of $31.08.

Eldorado Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, February 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Eldorado Gold during the 2nd quarter worth approximately $32,000. Headlands Technologies LLC acquired a new stake in Eldorado Gold during the 2nd quarter valued at $32,000. Smartleaf Asset Management LLC purchased a new stake in Eldorado Gold during the 4th quarter worth $33,000. Aventura Private Wealth LLC acquired a new position in Eldorado Gold in the 4th quarter worth $36,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Eldorado Gold during the fourth quarter valued at about $36,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

About Eldorado Gold

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.