Todays Report: Today, Eldorado Gold Corp. (EGO) Receives $5.44 Average PT from Analysts

Today, Eldorado Gold Corp. (EGO) Receives $5.44 Average PT from Analysts

Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) has received an average rating of “Buy” from the eighteen ratings firms that are covering the firm. Three analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $5.40.

Several research firms have weighed in on EGO. BMO Capital Markets set a $5.00 price target on shares of Eldorado Gold Corp. and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Thursday, November 3rd. TD Securities reiterated a “buy” rating and set a $6.00 price objective on shares of Eldorado Gold Corp. in a report on Saturday, October 29th. Canaccord Genuity reiterated a “buy” rating and set a $6.00 price objective (down from $6.25) on shares of Eldorado Gold Corp. in a report on Saturday, October 29th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $7.50 price objective (down from $9.00) on shares of Eldorado Gold Corp. in a report on Monday, September 26th.

Eldorado Gold Corp. (NYSE:EGO) opened at 2.66 on Tuesday. Eldorado Gold Corp. has a 12-month low of $1.87 and a 12-month high of $5.16. The company’s market capitalization is $1.90 billion. The firm has a 50-day moving average of $3.22 and a 200 day moving average of $3.98.

Eldorado Gold Corp. (NYSE:EGO) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Eldorado Gold Corp. had a negative net margin of 264.05% and a positive return on equity of 0.58%. The firm earned $156 million during the quarter, compared to the consensus estimate of $199.73 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue was up 38.8% compared to the same quarter last year. Analysts forecast that Eldorado Gold Corp. will post $0.07 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI raised its stake in Eldorado Gold Corp. by 19.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,948,004 shares of the company’s stock valued at $13,266,000 after buying an additional 475,556 shares during the period. Cidel Asset Management Inc. raised its stake in Eldorado Gold Corp. by 0.5% in the second quarter. Cidel Asset Management Inc. now owns 2,916,300 shares of the company’s stock valued at $13,025,000 after buying an additional 14,900 shares during the period. LPL Financial LLC raised its stake in Eldorado Gold Corp. by 13.8% in the first quarter. LPL Financial LLC now owns 845,764 shares of the company’s stock valued at $2,596,000 after buying an additional 102,370 shares during the period. Legal & General Group Plc raised its stake in Eldorado Gold Corp. by 7.2% in the first quarter. Legal & General Group Plc now owns 1,472,961 shares of the company’s stock valued at $4,648,000 after buying an additional 98,623 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in Eldorado Gold Corp. during the second quarter valued at about $3,563,000. 54.13% of the stock is currently owned by institutional investors.

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