Eldorado Gold (NYSE:EGO) Lowered to “Hold” Rating by StockNews.com

Eldorado Gold (NYSE:EGO) (TSE:ELD) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Other equities analysts have also recently issued research reports about the company. Scotiabank lowered their target price on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. TD Securities lowered their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Eldorado Gold has an average rating of “Hold” and an average target price of $20.00.

Eldorado Gold Trading Up 1.7 %

Shares of NYSE EGO traded up $0.25 during mid-day trading on Thursday, hitting $14.70. 2,051,721 shares of the company traded hands, compared to its average volume of 1,777,337. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 10.97 and a beta of 0.93. The business has a 50 day moving average of $15.06 and a two-hundred day moving average of $16.29.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. On average, sell-side analysts anticipate that Eldorado Gold will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eldorado Gold

A number of hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in Eldorado Gold in the third quarter worth approximately $32,000. Blue Trust Inc. raised its holdings in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Eldorado Gold in the 3rd quarter valued at $36,000. TD Waterhouse Canada Inc. boosted its holdings in Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 682 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Eldorado Gold during the fourth quarter worth $55,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.