Shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1.14.

EGO has been the topic of several analyst reports. ValuEngine upgraded Eldorado Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, June 2nd. TD Securities downgraded Eldorado Gold from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $1.15 to $0.80 in a report on Thursday, September 6th.

Shares of NYSE:EGO traded down $0.02 during mid-day trading on Friday, hitting $0.83. 128,506 shares of the company traded hands, compared to its average volume of 4,405,109. The company has a market cap of $691.58 million, a P/E ratio of 41.50, a PEG ratio of 26.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.59 and a current ratio of 7.19. Eldorado Gold has a 52-week low of $0.80 and a 52-week high of $2.44.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in Eldorado Gold by 165.1% during 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. Commerzbank Aktiengesellschaft FI grew its position in shares of Eldorado Gold by 12.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 11,891,510 shares of the basic materials company’s stock worth $11,814,000 after acquiring an additional 1,359,898 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Eldorado Gold by 140.0% in the 1st quarter. CIBC Asset Management Inc now owns 1,166,956 shares of the basic materials company’s stock worth $977,000 after acquiring an additional 680,660 shares in the last quarter. Millennium Management LLC grew its position in shares of Eldorado Gold by 17.8% in the 1st quarter. Millennium Management LLC now owns 1,933,036 shares of the basic materials company’s stock worth $1,624,000 after acquiring an additional 291,428 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Eldorado Gold by 51.3% in the 1st quarter. UBS Group AG now owns 2,183,761 shares of the basic materials company’s stock worth $1,834,000 after acquiring an additional 740,026 shares in the last quarter. Institutional investors own 39.14% 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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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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