Eldorado Gold (NYSE:EGO) (TSE:ELD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey. “

EGO has been the subject of several other research reports. ValuEngine lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. TD Securities upgraded shares of Eldorado Gold from a “reduce” rating to a “hold” rating and upped their target price for the company from $3.50 to $4.50 in a research note on Wednesday, February 6th. Desjardins restated a “sell” rating on shares of Eldorado Gold in a research note on Saturday, December 29th. National Bank Financial upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 1st. Finally, BMO Capital Markets restated a “hold” rating on shares of Eldorado Gold in a research note on Monday, December 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.42.

Shares of Eldorado Gold stock traded down $0.24 during trading hours on Thursday, hitting $4.53. The company’s stock had a trading volume of 1,696,629 shares, compared to its average volume of 1,952,896. Eldorado Gold has a 1-year low of $2.52 and a 1-year high of $6.05. The firm has a market capitalization of $757.48 million, a P/E ratio of -26.65, a PEG ratio of 7.57 and a beta of 1.71. The company has a quick ratio of 2.66, a current ratio of 3.63 and a debt-to-equity ratio of 0.18.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, February 21st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Eldorado Gold had a negative net margin of 78.86% and a negative return on equity of 0.47%. The company had revenue of $92.80 million during the quarter, compared to analyst estimates of $97.60 million. On average, research analysts expect that Eldorado Gold will post 0.13 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brave Asset Management Inc. bought a new position in Eldorado Gold during the 4th quarter valued at $36,000. Legal & General Group Plc boosted its stake in Eldorado Gold by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock valued at $494,000 after acquiring an additional 13,649 shares during the last quarter. Signition LP bought a new position in Eldorado Gold during the 4th quarter valued at $43,000. Acadian Asset Management LLC bought a new position in Eldorado Gold during the 4th quarter valued at $98,000. Finally, Two Sigma Investments LP bought a new position in Eldorado Gold during the 4th quarter valued at $106,000. Hedge funds and other institutional investors own 41.56% 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.

See Also: Hedge Funds

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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