Eldorado Gold Corp (NYSE:EGO) (TSE:ELD)’s share price traded down 5% during trading on Thursday . The company traded as low as $4.50 and last traded at $4.53. 1,698,396 shares changed hands during trading, a decline of 13% from the average session volume of 1,952,896 shares. The stock had previously closed at $4.77.

Several equities research analysts have issued reports on EGO shares. ValuEngine cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. TD Securities raised shares of Eldorado Gold from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $3.50 to $4.50 in a research report on Wednesday, February 6th. Zacks Investment Research raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday, February 5th. Desjardins reissued a “sell” rating on shares of Eldorado Gold in a research report on Saturday, December 29th. Finally, National Bank Financial raised shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.42.

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 firm has a market cap of $757.48 million, a P/E ratio of -26.65, a PEG ratio of 7.57 and a beta of 1.71.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, February 21st. The basic materials company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Eldorado Gold had a negative net margin of 78.86% and a negative return on equity of 0.47%. The business had revenue of $92.80 million during the quarter, compared to analyst estimates of $97.60 million. Equities analysts forecast that Eldorado Gold Corp will post 0.13 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Eldorado Gold by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,105,823 shares of the basic materials company’s stock valued at $17,577,000 after purchasing an additional 280,000 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Eldorado Gold by 3.8% in the 3rd 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. Vanguard Group Inc. raised its holdings in shares of Eldorado Gold by 3.8% in the 3rd 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. Ruffer LLP bought a new stake in shares of Eldorado Gold in the 4th quarter valued at about $5,126,000. Finally, Schroder Investment Management Group raised its holdings in shares of Eldorado Gold by 24.5% in the 3rd quarter. Schroder Investment Management Group now owns 6,408,689 shares of the basic materials company’s stock valued at $6,400,000 after purchasing an additional 1,259,292 shares in the last quarter. Institutional investors and hedge funds own 41.56% of the company’s stock.

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About Eldorado Gold (NYSE:EGO)

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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