Eldorado Gold (EGO) PT Lowered to $1.50 at Scotiabank

Eldorado Gold (NYSE:EGO) (TSE:ELD) had its price objective lowered by Scotiabank from $2.00 to $1.50 in a research note released on Friday, Marketbeat.com reports. The firm currently has a hold rating on the basic materials company’s stock.

A number of other equities research analysts have also recently weighed in on EGO. Desjardins restated a hold rating on shares of Eldorado Gold in a research note on Monday, December 11th. Zacks Investment Research upgraded Eldorado Gold from a strong sell rating to a hold rating in a research note on Tuesday, December 26th. Macquarie upgraded Eldorado Gold from a neutral rating to an outperform rating in a research note on Wednesday, January 17th. Credit Suisse Group upgraded Eldorado Gold from an underperform rating to a neutral rating and set a $1.60 price target on the stock in a research note on Friday, January 26th. Finally, ValuEngine cut Eldorado Gold from a hold rating to a sell rating in a research report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Eldorado Gold has an average rating of Hold and an average price target of $1.45.

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Shares of Eldorado Gold (NYSE EGO) opened at $0.87 on Friday. Eldorado Gold has a 12 month low of $0.85 and a 12 month high of $3.78. The company has a quick ratio of 6.16, a current ratio of 7.80 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $714.61, a price-to-earnings ratio of -86.77, a P/E/G ratio of 8.31 and a beta of 1.25.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in Eldorado Gold by 4,078.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 63,304 shares of the basic materials company’s stock worth $115,000 after buying an additional 61,789 shares during the period. Virtu Financial LLC increased its position in Eldorado Gold by 608.4% during the 3rd quarter. Virtu Financial LLC now owns 242,068 shares of the basic materials company’s stock worth $147,000 after buying an additional 207,899 shares during the period. OTA Financial Group L.P. bought a new position in Eldorado Gold during the 4th quarter worth $200,000. Two Sigma Securities LLC increased its position in Eldorado Gold by 133.5% during the 4th quarter. Two Sigma Securities LLC now owns 164,139 shares of the basic materials company’s stock worth $235,000 after buying an additional 93,849 shares during the period. Finally, AMP Capital Investors Ltd increased its position in Eldorado Gold by 72.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 167,521 shares of the basic materials company’s stock worth $367,000 after buying an additional 70,500 shares during the period. Hedge funds and other institutional investors own 51.61% of the company’s stock.

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Eldorado Gold Company Profile

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.

Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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