Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) shares saw strong trading volume on Friday . 33,387,705 shares were traded during mid-day trading, an increase of 389% from the previous session’s volume of 6,833,711 shares.The stock last traded at $1.29 and had previously closed at $1.27.

Several equities analysts recently issued reports on the stock. Desjardins restated a “hold” rating on shares of Eldorado Gold in a report on Monday. Credit Suisse Group upgraded shares of Eldorado Gold from an “underperform” rating to a “neutral” rating in a report on Monday, September 25th. TD Securities dropped their target price on shares of Eldorado Gold from $4.75 to $4.25 and set a “buy” rating on the stock in a report on Tuesday, September 12th. J P Morgan Chase & Co lowered shares of Eldorado Gold from an “overweight” rating to a “neutral” rating in a report on Monday, November 13th. Finally, Royal Bank of Canada lowered shares of Eldorado Gold from an “outperform” rating to a “hold” rating and dropped their target price for the company from $3.00 to $1.75 in a report on Tuesday, October 24th. Six research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $1.98.

The company has a market cap of $1,020.00, a price-to-earnings ratio of 63.00, a PEG ratio of 75.60 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 released its earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. Eldorado Gold 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 analyst estimates of $100.63 million. During the same quarter in the previous year, the firm earned $0.03 EPS. Eldorado Gold’s quarterly revenue was down 18.0% on a year-over-year basis.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its stake in Eldorado Gold by 7.9% in the third quarter. Van ECK Associates Corp now owns 77,400,839 shares of the basic materials company’s stock valued at $170,265,000 after purchasing an additional 5,673,050 shares in the last quarter. Franklin Resources Inc. increased its stake in Eldorado Gold by 18.7% in the second quarter. Franklin Resources Inc. now owns 50,841,512 shares of the basic materials company’s stock valued at $134,866,000 after purchasing an additional 8,006,424 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Eldorado Gold by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 12,609,444 shares of the basic materials company’s stock valued at $33,290,000 after purchasing an additional 824,770 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Eldorado Gold by 19.8% in the second quarter. First Eagle Investment Management LLC now owns 7,718,257 shares of the basic materials company’s stock valued at $20,480,000 after purchasing an additional 1,275,000 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in Eldorado Gold by 2.3% in the third quarter. TD Asset Management Inc. now owns 7,143,133 shares of the basic materials company’s stock valued at $15,650,000 after purchasing an additional 158,554 shares in the last quarter. 52.94% of the stock is owned by hedge funds and other institutional investors.

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About Eldorado Gold

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.

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