Desjardins reissued their hold rating on shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) in a research report sent to investors on Monday. Desjardins also issued estimates for Eldorado Gold’s Q4 2017 earnings at $0.00 EPS, FY2017 earnings at $0.02 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.07 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.02 EPS, FY2019 earnings at $0.09 EPS, FY2020 earnings at $0.09 EPS and FY2021 earnings at $0.07 EPS.

A number of other analysts have also weighed in on EGO. Royal Bank of Canada lowered their target price on Eldorado Gold from $3.50 to $3.00 and set a sector perform rating for the company in a research note on Tuesday, August 29th. ValuEngine lowered Eldorado Gold from a hold rating to a sell rating in a research note on Friday, September 1st. Macquarie cut Eldorado Gold from an outperform rating to a neutral rating in a report on Tuesday, September 12th. TD Securities decreased their price target on Eldorado Gold from $4.75 to $4.25 and set a buy rating on the stock in a report on Tuesday, September 12th. Finally, Scotiabank decreased their price target on Eldorado Gold from $3.25 to $3.00 and set a sector perform rating on the stock in a report on Tuesday, September 12th. Six analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Eldorado Gold presently has a consensus rating of Hold and an average target price of $1.98.

Shares of Eldorado Gold (NYSE:EGO) traded up $0.05 during trading hours on Monday, hitting $1.26. The stock had a trading volume of 11,825,300 shares, compared to its average volume of 6,726,947. Eldorado Gold has a 52 week low of $1.10 and a 52 week high of $3.91. The firm has a market capitalization of $960.75, a price-to-earnings ratio of 60.50, a PEG ratio of 72.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.16 and a current ratio of 7.80.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share for the quarter. Eldorado Gold had a negative net margin of 5.02% and a positive return on equity of 0.51%. The business had revenue of $95.35 million during the quarter, compared to analyst estimates of $100.63 million. During the same quarter last year, the business posted $0.03 earnings per share. The business’s quarterly revenue was down 18.0% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its holdings in Eldorado Gold by 608.4% during the third quarter. Virtu Financial LLC now owns 242,068 shares of the basic materials company’s stock worth $147,000 after buying an additional 207,899 shares during the last quarter. Jane Street Group LLC boosted its holdings in Eldorado Gold by 4.6% during the third quarter. Jane Street Group LLC now owns 1,124,361 shares of the basic materials company’s stock worth $2,474,000 after buying an additional 49,557 shares during the last quarter. Anchor Bolt Capital LP boosted its holdings in Eldorado Gold by 89.1% during the third quarter. Anchor Bolt Capital LP now owns 6,910,852 shares of the basic materials company’s stock worth $15,204,000 after buying an additional 3,256,850 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in Eldorado Gold by 72.7% during the third quarter. AMP Capital Investors Ltd now owns 167,521 shares of the basic materials company’s stock worth $367,000 after buying an additional 70,500 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Eldorado Gold by 5.5% during the third quarter. Allianz Asset Management GmbH now owns 4,034,170 shares of the basic materials company’s stock worth $8,838,000 after buying an additional 210,674 shares during the last quarter. Institutional investors and hedge funds own 52.94% of the company’s stock.

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Eldorado Gold Company Profile

Eldorado Gold Corp is a Canada-based 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, the Tocantinzinho project and exploration activities in Brazil.

Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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