TD Securities Trims Eldorado Gold (EGO) Target Price to $4.25

Eldorado Gold (NYSE:EGO) (TSE:ELD) had its price target decreased by TD Securities from $4.50 to $4.25 in a research report released on Tuesday, May 7th, BayStreet.CA reports. TD Securities currently has a hold rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on EGO. Desjardins upgraded Eldorado Gold from a sell rating to a hold rating in a report on Monday, January 7th. National Bank Financial upgraded Eldorado Gold from a sector perform rating to an outperform rating in a report on Friday, February 1st. Zacks Investment Research upgraded Eldorado Gold from a hold rating to a buy rating and set a $5.00 price target on the stock in a report on Wednesday, February 20th. ValuEngine downgraded Eldorado Gold from a hold rating to a sell rating in a report on Saturday, May 4th. Finally, Credit Suisse Group assumed coverage on Eldorado Gold in a report on Tuesday, April 16th. They issued a neutral rating and a $6.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Eldorado Gold presently has a consensus rating of Hold and an average target price of $4.77.

EGO traded up $0.08 during trading on Tuesday, hitting $3.72. 2,437,231 shares of the stock were exchanged, compared to its average volume of 1,882,153. The company has a market capitalization of $558.98 million, a P/E ratio of -21.88, a PEG ratio of 12.64 and a beta of 1.66. Eldorado Gold has a 1 year low of $2.52 and a 1 year high of $5.90. The company has a quick ratio of 2.70, a current ratio of 3.98 and a debt-to-equity ratio of 0.18.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The firm had revenue of $80.02 million for the quarter, compared to analysts’ expectations of $113.85 million. Eldorado Gold had a negative return on equity of 1.40% and a negative net margin of 97.68%. Equities analysts anticipate that Eldorado Gold will post 0.06 earnings per share for the current year.

Several large investors have recently made changes to their positions in EGO. Brave Asset Management Inc. purchased a new position in Eldorado Gold during the 4th quarter worth $36,000. Legal & General Group Plc grew its stake in Eldorado Gold by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock worth $494,000 after buying an additional 13,649 shares during the last quarter. Signition LP purchased a new position in Eldorado Gold during the 4th quarter worth $43,000. Hsbc Holdings PLC purchased a new position in Eldorado Gold during the 1st quarter worth $87,000. Finally, King Luther Capital Management Corp purchased a new position in Eldorado Gold during the 1st quarter worth $94,000. Institutional investors and hedge funds own 41.47% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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