Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, October 30th.
According to Zacks, “Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey. “
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Canaccord Genuity downgraded Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Credit Suisse Group cut Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 price objective for the company. in a research report on Monday, July 31st. Scotiabank cut Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and set a $4.00 price objective for the company. in a research report on Monday, July 31st. Finally, TD Securities set a $4.00 price objective on Eldorado Gold Corporation and gave the company a “buy” rating in a research report on Friday, October 20th. Six equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.78.
Eldorado Gold Corporation (NYSE EGO) remained flat at $$1.17 during trading hours on Monday. The company’s stock had a trading volume of 3,715,400 shares, compared to its average volume of 6,780,461. The firm has a market capitalization of $935.52, a P/E ratio of 58.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.80 and a quick ratio of 6.16. Eldorado Gold Corporation has a 1-year low of $1.15 and a 1-year high of $3.91.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. Eldorado Gold Corporation had a negative net margin of 5.02% and a positive return on equity of 0.51%. The company had revenue of $95.35 million during the quarter, compared to analysts’ expectations of $100.63 million. During the same quarter last year, the firm earned $0.03 EPS. Eldorado Gold Corporation’s revenue for the quarter was down 18.0% on a year-over-year basis.
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A number of institutional investors and hedge funds have recently bought and sold shares of EGO. Karp Capital Management Corp purchased a new stake in Eldorado Gold Corporation during the 1st quarter worth about $116,000. OppenheimerFunds Inc. increased its holdings in shares of Eldorado Gold Corporation by 29.8% in the 1st quarter. OppenheimerFunds Inc. now owns 345,178 shares of the basic materials company’s stock valued at $1,177,000 after acquiring an additional 79,318 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Eldorado Gold Corporation by 2.5% in the 1st quarter. Legal & General Group Plc now owns 1,209,695 shares of the basic materials company’s stock valued at $4,131,000 after acquiring an additional 29,313 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Eldorado Gold Corporation by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 15,831,316 shares of the basic materials company’s stock valued at $53,984,000 after acquiring an additional 617,087 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Eldorado Gold Corporation by 10.1% in the 1st quarter. Geode Capital Management LLC now owns 343,844 shares of the basic materials company’s stock valued at $1,170,000 after acquiring an additional 31,603 shares during the last quarter. 50.99% of the stock is currently owned by hedge funds and other institutional investors.
Eldorado Gold Corporation Company Profile
Eldorado Gold Corporation (Eldorado) is a 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, Tocantinzinho project and exploration activities in Brazil.
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