Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) had its target price trimmed by Royal Bank Of Canada from $1.75 to $1.50 in a research note published on Thursday. The brokerage currently has an underperform rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on the stock. Credit Suisse Group lowered shares of Eldorado Gold Corporation from a neutral rating to an underperform rating in a report on Monday, October 23rd. ValuEngine lowered shares of Eldorado Gold Corporation from a hold rating to a sell rating in a report on Friday, September 1st. Macquarie lowered shares of Eldorado Gold Corporation from an outperform rating to a neutral rating in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of Eldorado Gold Corporation from a hold rating to a sell rating in a report on Tuesday, September 12th. Finally, TD Securities set a $4.00 price objective on shares of Eldorado Gold Corporation and gave the company a buy rating in a report on Friday, October 20th. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $2.88.

Shares of Eldorado Gold Corporation (EGO) remained flat at $$1.25 on Thursday. 5,367,055 shares of the stock traded hands, compared to its average volume of 9,757,794. The company has a current ratio of 7.80, a quick ratio of 10.61 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $992.51, a PE ratio of 62.50 and a beta of 1.17.

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

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A number of hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC boosted its stake in Eldorado Gold Corporation by 2.2% during the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after buying an additional 1,148 shares during the period. Advisor Group Inc. lifted its position in shares of Eldorado Gold Corporation by 2.9% during the second quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock worth $175,000 after purchasing an additional 1,882 shares in the last quarter. Aperio Group LLC lifted its position in shares of Eldorado Gold Corporation by 28.6% during the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 9,745 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Eldorado Gold Corporation by 43.7% during the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 13,889 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Eldorado Gold Corporation by 5.4% during the second quarter. Wells Fargo & Company MN now owns 464,729 shares of the basic materials company’s stock worth $1,227,000 after purchasing an additional 24,001 shares in the last quarter. 55.47% of the stock is owned by institutional investors.

Eldorado Gold Corporation 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.

Analyst Recommendations for Eldorado Gold Corporation (NYSE:EGO)

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