Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) has been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.99.
Several equities research analysts have recently commented on EGO shares. Zacks Investment Research cut shares of Eldorado Gold Corp from a “hold” rating to a “strong sell” rating in a research report on Friday, February 24th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $5.00 target price on shares of Eldorado Gold Corp in a research report on Tuesday, December 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $4.25 target price on shares of Eldorado Gold Corp in a research report on Wednesday. Finally, Canaccord Genuity raised shares of Eldorado Gold Corp from a “hold” rating to a “buy” rating in a research report on Wednesday.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Eldorado Gold Corp by 11.3% in the third quarter. Bank of New York Mellon Corp now owns 13,767,045 shares of the company’s stock valued at $54,104,000 after buying an additional 1,400,961 shares during the last quarter. Aperio Group LLC raised its position in shares of Eldorado Gold Corp by 2.4% in the third quarter. Aperio Group LLC now owns 29,042 shares of the company’s stock valued at $114,000 after buying an additional 676 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Eldorado Gold Corp during the third quarter valued at about $148,000. First Trust Advisors LP acquired a new position in shares of Eldorado Gold Corp during the third quarter valued at about $542,000. Finally, Sprott Inc. acquired a new position in shares of Eldorado Gold Corp during the third quarter valued at about $500,000. Institutional investors own 51.50% of the company’s stock.
Eldorado Gold Corp (NYSE:EGO) opened at 3.41 on Thursday. Eldorado Gold Corp has a 12-month low of $2.54 and a 12-month high of $5.16. The company’s 50-day moving average is $3.24 and its 200 day moving average is $3.32. The stock’s market capitalization is $2.44 billion.
Eldorado Gold Corp (NYSE:EGO) last posted its earnings results on Thursday, February 23rd. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Eldorado Gold Corp had a negative net margin of 264.05% and a positive return on equity of 0.58%. The firm earned $140.60 million during the quarter, compared to analysts’ expectations of $120.09 million. During the same period last year, the company posted ($0.03) EPS. The company’s quarterly revenue was down 29.5% compared to the same quarter last year. On average, equities research analysts expect that Eldorado Gold Corp will post $0.09 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which was paid on Thursday, March 16th. Investors of record on Tuesday, March 7th were paid a $0.0153 dividend. This represents a dividend yield of 0.95%. This is a positive change from Eldorado Gold Corp’s previous semiannual dividend of $0.01. The ex-dividend date of this dividend was Friday, March 3rd.
Eldorado Gold Corp 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.