Eldorado Gold Corp (EGO) Given Average Rating of “Hold” by Brokerages
Shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) have been given an average rating of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $1.20.
Several equities analysts have weighed in on the company. ValuEngine raised Eldorado Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 2nd. TD Securities lowered their target price on Eldorado Gold from $1.20 to $1.15 and set a “hold” rating on the stock in a research note on Monday, April 30th. Finally, Credit Suisse Group set a $1.00 target price on Eldorado Gold and gave the company a “hold” rating in a research note on Friday, April 27th.
A number of institutional investors and hedge funds have recently bought and sold shares of EGO. Chicago Capital LLC acquired a new stake in Eldorado Gold in the 2nd quarter worth approximately $111,000. Cubist Systematic Strategies LLC acquired a new stake in Eldorado Gold in the 1st quarter worth approximately $280,000. Russell Investments Group Ltd. lifted its holdings in Eldorado Gold by 479.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 346,881 shares of the basic materials company’s stock worth $343,000 after purchasing an additional 287,028 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Eldorado Gold by 165.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 512,250 shares of the basic materials company’s stock worth $509,000 after purchasing an additional 319,046 shares during the last quarter. Finally, A.R.T. Advisors LLC lifted its holdings in Eldorado Gold by 334.4% in the 1st quarter. A.R.T. Advisors LLC now owns 856,210 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 659,100 shares during the last quarter. Hedge funds and other institutional investors own 39.27% of the company’s stock.
About Eldorado Gold
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 Tocantinzinho gold project in Brazil.
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