Eldorado Gold (NYSE:EGO) Stock Price Up 3.1%

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD)’s stock price rose 3.1% during mid-day trading on Tuesday . The stock traded as high as $14.86 and last traded at $14.83. Approximately 323,346 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,585,507 shares. The stock had previously closed at $14.38.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EGO shares. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a research report on Friday, January 26th. CIBC lifted their price target 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 Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. TD Securities lowered their target price on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Finally, National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.00.

Eldorado Gold Price Performance

The stock has a 50 day simple moving average of $12.26 and a 200-day simple moving average of $11.64. The firm has a market cap of $3.05 billion, a PE ratio of 28.33 and a beta of 1.10. 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 announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating 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. Equities analysts anticipate that Eldorado Gold Co. will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eldorado Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Eldorado Gold by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,774,270 shares of the basic materials company’s stock worth $87,862,000 after acquiring an additional 79,670 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Eldorado Gold by 20.8% during 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 lifted its position in Eldorado Gold by 14.5% during 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 during the last quarter. Barclays PLC grew its stake in shares of Eldorado Gold by 349.3% in the 4th quarter. Barclays PLC now owns 212,713 shares of the basic materials company’s stock worth $2,758,000 after buying an additional 165,367 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Eldorado Gold by 134.9% in the 4th quarter. Vident Advisory LLC now owns 345,759 shares of the basic materials company’s stock worth $4,484,000 after buying an additional 198,580 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Company Profile

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.