Eldorado Gold (NYSE:EGO) Shares Gap Down to $15.04

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) gapped down before the market opened on Monday . The stock had previously closed at $15.04, but opened at $14.40. Eldorado Gold shares last traded at $14.64, with a volume of 466,984 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EGO shares. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. CIBC boosted their target price on Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. Stifel Canada cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, TD Securities cut their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Eldorado Gold has a consensus rating of “Hold” and an average price target of $13.30.

Eldorado Gold Stock Down 4.3 %

The business has a fifty day moving average of $12.95 and a 200 day moving average of $12.16. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 6.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.39 and a quick ratio of 2.53.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. The company had revenue of $306.90 million during the quarter. On average, equities analysts predict that Eldorado Gold Co. will post 0.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new position in Eldorado Gold during the fourth quarter worth $35,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Eldorado Gold in the 4th quarter worth about $37,000. Tobam bought a new stake in shares of Eldorado Gold in the 4th quarter worth about $68,000. Atria Wealth Solutions Inc. bought a new stake in shares of Eldorado Gold in the 3rd quarter worth about $89,000. Finally, Bank of Nova Scotia grew its holdings in shares of Eldorado Gold by 10.2% in the 3rd quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 1,343 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.