Eldorado Gold (EGO) Upgraded at CIBC

CIBC upgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a sector underperform rating to a neutral rating in a report released on Thursday, Marketbeat reports. They currently have $1.30 price target on the basic materials company’s stock, down from their previous price target of $1.70.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Eldorado Gold from a hold rating to a sell rating in a report on Wednesday, January 10th. Scotiabank cut their price target on Eldorado Gold from $2.00 to $1.50 and set a hold rating for the company in a report on Friday, March 23rd. TD Securities cut their price target on Eldorado Gold from $1.60 to $1.20 and set a hold rating for the company in a report on Friday, March 23rd. ValuEngine lowered Eldorado Gold from a hold rating to a sell rating in a report on Friday, February 2nd. Finally, Credit Suisse Group raised Eldorado Gold from an underperform rating to a neutral rating and set a $1.60 price target for the company in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Eldorado Gold has an average rating of Hold and an average target price of $1.30.

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Shares of EGO opened at $0.98 on Thursday. Eldorado Gold has a one year low of $0.80 and a one year high of $3.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.46 and a quick ratio of 4.98. The firm has a market capitalization of $775.03, a P/E ratio of 48.81, a PEG ratio of 13.01 and a beta of 1.37.

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in Eldorado Gold by 4,078.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 63,304 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 61,789 shares during the period. OTA Financial Group L.P. purchased a new position in shares of Eldorado Gold in the fourth quarter valued at about $200,000. Two Sigma Securities LLC lifted its position in shares of Eldorado Gold by 133.5% in the fourth quarter. Two Sigma Securities LLC now owns 164,139 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 93,849 shares in the last quarter. AMP Capital Investors Ltd lifted its position in shares of Eldorado Gold by 72.7% in the third quarter. AMP Capital Investors Ltd now owns 167,521 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 70,500 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Eldorado Gold by 608.4% in the third quarter. Virtu Financial LLC now owns 242,068 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 207,899 shares in the last quarter. 51.61% of the stock is owned by institutional investors and hedge funds.

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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 also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.

Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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