Shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) traded down 3.5% during trading on Monday . The company traded as low as $1.13 and last traded at $1.18. 7,112,735 shares traded hands during trading, a decline of 25% from the average session volume of 9,503,327 shares. The stock had previously closed at $1.14.

A number of research firms have weighed in on EGO. TD Securities set a $4.00 price target on shares of Eldorado Gold and gave the stock a “buy” rating in a research report on Friday, October 20th. Credit Suisse Group lowered shares of Eldorado Gold from a “neutral” rating to an “underperform” rating in a research report on Monday, October 23rd. Royal Bank of Canada lowered shares of Eldorado Gold from an “outperform” rating to a “hold” rating and dropped their price target for the stock from $3.00 to $1.75 in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Eldorado Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Bank of America lowered shares of Eldorado Gold from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Eldorado Gold currently has an average rating of “Hold” and a consensus price target of $1.78.

The stock has a market capitalization of $921.05, a PE ratio of 58.00, a price-to-earnings-growth ratio of 9.94 and a beta of 1.13. The company has a quick ratio of 6.16, a current ratio of 7.80 and a debt-to-equity ratio of 0.16.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in shares of Eldorado Gold by 4,078.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 63,304 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 61,789 shares during the last quarter. Balyasny Asset Management LLC boosted its position in shares of Eldorado Gold by 43.7% during the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 13,889 shares during the last quarter. Virtu Financial LLC boosted its position in shares of Eldorado Gold by 608.4% during the third quarter. Virtu Financial LLC now owns 242,068 shares of the basic materials company’s stock worth $147,000 after acquiring an additional 207,899 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Eldorado Gold by 2.9% during the second quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 1,882 shares during the last quarter. Finally, ARP Americas LLC boosted its position in shares of Eldorado Gold by 59.0% during the third quarter. ARP Americas LLC now owns 144,500 shares of the basic materials company’s stock worth $318,000 after acquiring an additional 53,600 shares during the last quarter. Institutional investors and hedge funds own 53.09% of the company’s stock.

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About Eldorado Gold

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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