Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) traded up 5.5% during trading on Monday . The stock traded as high as $11.25 and last traded at $11.23. 2,439,877 shares were traded during trading, a decline of 24% from the average session volume of 3,191,490 shares. The stock had previously closed at $10.64.

EGO has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, July 31st. TD Securities boosted their target price on Eldorado Gold from $10.50 to $13.50 and gave the company a “hold” rating in a research report on Tuesday, August 11th. CIBC reiterated a “buy” rating and issued a $16.00 price target on shares of Eldorado Gold in a report on Tuesday. Bank of America reissued a “buy” rating and set a $12.00 price target on shares of Eldorado Gold in a research note on Friday, July 10th. Finally, TheStreet raised Eldorado Gold from a “c” rating to a “b-” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Eldorado Gold presently has a consensus rating of “Hold” and an average target price of $12.42.

The firm has a market capitalization of $1.95 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 2.19 and a beta of 1.69. The stock has a 50-day simple moving average of $11.44 and a two-hundred day simple moving average of $9.43. The company has a current ratio of 1.88, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $255.92 million for the quarter. Eldorado Gold had a net margin of 16.51% and a return on equity of 2.42%. As a group, research analysts expect that Eldorado Gold Corp will post 0.97 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. bought a new position in Eldorado Gold in the first quarter worth about $39,000. Banque Cantonale Vaudoise purchased a new stake in Eldorado Gold during the first quarter valued at approximately $54,000. Two Sigma Securities LLC acquired a new stake in Eldorado Gold in the second quarter valued at approximately $108,000. Prudential PLC purchased a new position in Eldorado Gold in the second quarter worth $118,000. Finally, Tudor Investment Corp Et Al acquired a new position in shares of Eldorado Gold during the first quarter worth $85,000. 53.10% of the stock is currently owned by institutional investors.

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 100% interest in Tocantinzinho gold project in Brazil.

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