Eldorado Gold Corporation (NYSE:EGO) Given Consensus Rating of “Hold” by Brokerages

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.8333.

A number of research analysts have recently weighed in on EGO shares. TD Securities cut their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Bank of America boosted their target price on Eldorado Gold from $31.00 to $33.00 and gave the stock an “underperform” rating in a research report on Thursday, July 9th. ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Scotiabank cut their price target on Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating for the company in a report on Tuesday. Finally, TD Cowen reduced their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th.

Institutional Investors Weigh In On Eldorado Gold

Several large investors have recently bought and sold shares of EGO. Smartleaf Asset Management LLC bought a new position in Eldorado Gold during the fourth quarter valued at $33,000. Flagship Harbor Advisors LLC purchased a new position in shares of Eldorado Gold in the 4th quarter worth $36,000. Aventura Private Wealth LLC bought a new stake in shares of Eldorado Gold in the 4th quarter worth about $36,000. Wexford Capital LP bought a new stake in shares of Eldorado Gold in the 3rd quarter worth about $37,000. Finally, Headlands Technologies LLC bought a new stake in shares of Eldorado Gold in the 2nd quarter worth about $32,000. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $29.51 on Wednesday. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.17 and a beta of 0.62. The firm has a fifty day moving average price of $31.92 and a 200 day moving average price of $36.36. Eldorado Gold has a fifty-two week low of $19.70 and a fifty-two week high of $51.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.18 and a current ratio of 1.62.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $532.43 million for the quarter, compared to the consensus estimate of $503.31 million. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%. As a group, sell-side analysts expect that Eldorado Gold will post 3.92 earnings per share for the current fiscal year.

Eldorado Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

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.