Eldorado Gold (EGO) Stock Rating Lowered by Zacks Investment Research

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Eldorado Gold (NYSE:EGO) (TSE:ELD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey. “

Several other equities analysts have also recently commented on the stock. TD Securities raised shares of Eldorado Gold from a “reduce” rating to a “hold” rating and raised their target price for the company from $3.50 to $4.50 in a research note on Wednesday, February 6th. National Bank Financial upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 1st. BMO Capital Markets upgraded shares of Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 price objective for the company in a research report on Friday, February 1st. CIBC lowered shares of Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a research report on Thursday, January 31st. Finally, Desjardins upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $2.42.

Shares of EGO stock traded down $0.24 during trading hours on Thursday, reaching $4.53. The stock had a trading volume of 1,696,629 shares, compared to its average volume of 1,952,896. The company has a quick ratio of 2.66, a current ratio of 3.63 and a debt-to-equity ratio of 0.18. Eldorado Gold has a twelve month low of $2.52 and a twelve month high of $6.05. The stock has a market cap of $757.48 million, a PE ratio of -26.65, a price-to-earnings-growth ratio of 7.57 and a beta of 1.71.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, February 21st. The basic materials company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $97.60 million. Eldorado Gold had a negative net margin of 78.86% and a negative return on equity of 0.47%. Equities analysts forecast that Eldorado Gold will post 0.13 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Eldorado Gold by 1.4% in the third quarter. Franklin Resources Inc. now owns 20,105,823 shares of the basic materials company’s stock worth $17,577,000 after buying an additional 280,000 shares during the period. Vanguard Group Inc boosted its holdings in shares of Eldorado Gold by 3.8% during the third quarter. Vanguard Group Inc now owns 19,383,460 shares of the basic materials company’s stock worth $17,118,000 after purchasing an additional 702,354 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Eldorado Gold by 3.8% during the third quarter. Vanguard Group Inc. now owns 19,383,460 shares of the basic materials company’s stock worth $17,118,000 after purchasing an additional 702,354 shares during the period. Ruffer LLP acquired a new stake in shares of Eldorado Gold during the fourth quarter worth approximately $5,126,000. Finally, Schroder Investment Management Group boosted its holdings in shares of Eldorado Gold by 24.5% during the third quarter. Schroder Investment Management Group now owns 6,408,689 shares of the basic materials company’s stock worth $6,400,000 after purchasing an additional 1,259,292 shares during the period. Institutional investors own 41.56% of the company’s stock.

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 holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.

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