Eldorado Gold (EGO) Shares Gap Up to $1.27
Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) gapped up prior to trading on Friday . The stock had previously closed at $1.24, but opened at $1.27. Eldorado Gold shares last traded at $1.29, with a volume of 11059747 shares trading hands.
A number of equities research analysts recently issued reports on EGO shares. TD Securities set a $4.00 target price on Eldorado Gold and gave the company a “buy” rating in a research report on Friday, October 20th. Royal Bank of Canada lowered 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 research report on Tuesday, October 24th. Scotiabank set a $2.00 target price on Eldorado Gold and gave the company a “sector perform” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. lowered Eldorado Gold from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research lowered Eldorado Gold from a “hold” rating to a “sell” rating in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Eldorado Gold currently has an average rating of “Hold” and an average price target of $1.98.
The stock has a market cap of $1,020.00, a PE ratio of -129.00, a price-to-earnings-growth ratio of 5.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.80 and a quick ratio of 6.16.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share for the quarter. The company had revenue of $95.35 million for the quarter, compared to analyst estimates of $100.63 million. Eldorado Gold had a positive return on equity of 0.51% and a negative net margin of 5.02%. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS.
Large investors have recently bought and sold shares of the business. Balyasny Asset Management LLC increased its position in shares of Eldorado Gold by 43.7% during the 2nd 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 during the last quarter. Advisor Group Inc. increased its position in shares of Eldorado Gold by 2.9% during the 2nd 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 during the last quarter. Fore Research & Management LP acquired a new position in shares of Eldorado Gold during the 2nd quarter worth approximately $237,000. ARP Americas LLC increased its position in shares of Eldorado Gold by 59.0% during the 3rd quarter. ARP Americas LLC now owns 144,500 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 53,600 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Eldorado Gold during the 2nd quarter worth approximately $406,000. 52.90% of the stock is currently owned by hedge funds and other institutional investors.
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.
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