Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $2.51.

EGO has been the subject of several analyst reports. CIBC downgraded shares of Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a report on Thursday, January 31st. Zacks Investment Research downgraded shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. Desjardins raised shares of Eldorado Gold from a “sell” rating to a “hold” rating in a report on Monday, January 7th. BMO Capital Markets raised shares of Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 price target for the company in a report on Friday, February 1st. Finally, ValuEngine raised shares of Eldorado Gold from a “sell” rating to a “hold” rating in a report on Thursday, November 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Eldorado Gold during the fourth quarter valued at about $98,000. Ruffer LLP bought a new stake in shares of Eldorado Gold during the fourth quarter valued at about $5,126,000. Brave Asset Management Inc. bought a new stake in shares of Eldorado Gold during the fourth quarter valued at about $36,000. Signition LP bought a new stake in shares of Eldorado Gold during the fourth quarter valued at about $43,000. Finally, Legal & General Group Plc raised its stake in shares of Eldorado Gold by 2.5% during the third quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock valued at $494,000 after purchasing an additional 13,649 shares in the last quarter.

Shares of EGO traded down $0.01 during midday trading on Wednesday, hitting $4.03. 134,451 shares of the stock traded hands, compared to its average volume of 2,222,251. Eldorado Gold has a 1-year low of $2.52 and a 1-year high of $6.20. The company has a market cap of $627.26 million, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 5.60 and a beta of 1.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.79 and a current ratio of 6.33.

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 Tocantinzinho gold project in Brazil.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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