Scotiabank set a $2.00 price objective on Eldorado Gold (NYSE:EGO) (TSE:ELD) in a research note released on Friday, November 17th. The firm currently has a sector perform rating on the basic materials company’s stock.
A number of other equities analysts have also recently weighed in on the company. J P Morgan Chase & Co cut Eldorado Gold from an overweight rating to a neutral rating in a report on Monday, November 13th. TD Securities lowered their price target on Eldorado Gold from $2.10 to $2.00 and set a hold rating for the company in a report on Tuesday, November 7th. Royal Bank Of Canada lowered their price target on Eldorado Gold from $1.75 to $1.50 and set an underperform rating for the company in a report on Thursday, November 2nd. Bank of America cut Eldorado Gold from a buy rating to a neutral rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research cut Eldorado Gold from a hold rating to a sell rating in a report on Monday, October 30th. Six investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Eldorado Gold has an average rating of Hold and a consensus price target of $1.98.
Eldorado Gold (NYSE:EGO) remained flat at $$1.12 during midday trading on Friday. The company’s stock had a trading volume of 4,288,133 shares, compared to its average volume of 6,675,155. The firm has a market capitalization of $886.45, a PE ratio of 57.50 and a beta of 1.14. The company has a current ratio of 7.80, a quick ratio of 6.16 and a debt-to-equity ratio of 0.16. Eldorado Gold has a 1-year low of $1.10 and a 1-year high of $3.91.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share for the quarter. The business had revenue of $95.35 million for the quarter, compared to analysts’ expectations of $100.63 million. Eldorado Gold had a positive return on equity of 0.51% and a negative net margin of 5.02%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share.
Institutional investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group purchased a new position in Eldorado Gold during the 2nd quarter valued at about $104,000. Aperio Group LLC boosted its holdings in Eldorado Gold by 28.6% during the 2nd quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 9,745 shares during the period. Balyasny Asset Management LLC boosted its holdings in Eldorado Gold by 43.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 13,889 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Eldorado Gold by 2.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 1,148 shares during the period. Finally, Advisor Group Inc. boosted its holdings in Eldorado Gold by 2.9% during the 2nd quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 1,882 shares during the period. Institutional investors own 52.94% of the company’s stock.
About Eldorado Gold
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.
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