Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) stock price rose 4.8% during trading on Wednesday. The stock traded as high as $15.53 and was last seen at $15.53. Approximately 112,974 shares traded hands during trading, a 93% decline from the average daily volume of 1,572,854 shares. The stock had previously closed at $14.82.
Changes in analyst ratings
Several equities analysts have recently commented on EGO shares. Royal Bank of Canada upgraded Eldorado Gold from “sector perform” to “outperform” and increased their price target on the stock from $14.00 to $20.00 in a report on Wednesday, May 29. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8. StockNews.com upgraded shares of Eldorado Gold from “hold” to “buy” in a research note on Monday. Finally, Scotiabank increased their price target on shares of Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating on the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.60.
Check out our latest analysis on EGO
Eldorado Gold price development
The company has a debt-to-equity ratio of 0.18, a price-to-earnings ratio of 2.52 and a price-to-earnings ratio of 3.50. The stock’s 50-day moving average price is $15.24 and its 200-day moving average price is $13.67. The company has a market cap of $3.17 billion, a P/E ratio of 27.14, a PEG ratio of 0.28 and a beta of 0.92.
Eldorado Gold (NYSE:EGO – Free Report) (TSE:ELD) released its latest earnings results on Friday, April 26. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The company had revenue of $257.97 million for the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. During the same period last year, the company reported earnings per share of $0.11. As a group, equities analysts forecast that Eldorado Gold Co. will post earnings per share of $1.09 for the current fiscal year.
Hedge funds comment on Eldorado Gold
Several hedge funds and other institutional investors have recently bought and sold shares of EGO. Jennison Associates LLC acquired a new stake in Eldorado Gold in the first quarter valued at $36,374,000. Ninety One UK Ltd acquired a new stake in Eldorado Gold in the 4th quarter valued at about $32,473,000. Donald Smith & CO. Inc. increased its stake in Eldorado Gold by 20.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,708,184 shares of the basic materials company’s stock valued at $164,825,000 after acquiring an additional 2,136,824 shares in the last quarter. Boston Partners acquired a new stake in Eldorado Gold in the 4th quarter valued at about $27,167,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Eldorado Gold in the fourth quarter valued at approximately $24,273,000. 69.58% of the shares are owned by institutional investors and hedge funds.
Company profile of Eldorado Gold
(Get free report)
Eldorado Gold Corporation, together with its subsidiaries, is engaged in mining, exploration, development and sale of mineral products, primarily in Turkey, Canada, Greece and Romania. The company produces mainly gold, but also silver, lead and zinc. It owns 100% of the Kisladag and Efemçukuru mines in Turkey, the Lamaque complex in Canada, the Olympias, Stratoni, Skouries, Perama Hill and Sapes gold mines in Greece and 80.5% of the Certej development projects in Romania.
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