Eldorado Gold (EGO) Now Covered by Credit Suisse Group

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Equities research analysts at Credit Suisse Group assumed coverage on shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a “neutral” rating and a $6.00 price target on the basic materials company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 33.93% from the company’s current price.

A number of other analysts have also weighed in on the stock. National Bank Financial lowered shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 14th. Desjardins raised shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. BMO Capital Markets reissued a “hold” rating on shares of Eldorado Gold in a research report on Monday, December 17th. ValuEngine lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research lowered shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Eldorado Gold currently has a consensus rating of “Hold” and a consensus price target of $4.11.

Shares of NYSE EGO opened at $4.48 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 3.63. The stock has a market cap of $716.20 million, a PE ratio of -26.35, a price-to-earnings-growth ratio of 8.87 and a beta of 1.72. Eldorado Gold has a 12-month low of $2.52 and a 12-month high of $6.05.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 21st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $97.60 million. Eldorado Gold had a negative net margin of 78.86% and a negative return on equity of 0.47%. As a group, sell-side analysts expect that Eldorado Gold will post 0.1 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Eldorado Gold by 1,257.3% during the third quarter. Tower Research Capital LLC TRC now owns 227,252 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 210,509 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Eldorado Gold by 542.8% during the third quarter. Jane Street Group LLC now owns 1,276,013 shares of the basic materials company’s stock valued at $1,127,000 after purchasing an additional 1,077,519 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Eldorado Gold during the third quarter valued at approximately $5,896,000. Vanguard Group Inc. boosted its stake in shares of Eldorado Gold by 3.8% during the third quarter. Vanguard Group Inc. now owns 19,383,460 shares of the basic materials company’s stock valued at $17,118,000 after purchasing an additional 702,354 shares in the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of Eldorado Gold by 3.8% during the third quarter. Vanguard Group Inc now owns 19,383,460 shares of the basic materials company’s stock valued at $17,118,000 after purchasing an additional 702,354 shares in the last quarter. 42.42% of the stock is currently owned by institutional investors.

Eldorado Gold Company Profile

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 100% interest in Tocantinzinho gold project in Brazil.

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