Eldorado Gold (EGO) Shares Gap Up to $0.95

Eldorado Gold Corp (NYSE:EGO) (TSE:ELD)’s share price gapped up prior to trading on Friday . The stock had previously closed at $0.97, but opened at $0.95. Eldorado Gold shares last traded at $0.91, with a volume of 169880 shares changing hands.

Separately, TD Securities lowered shares of Eldorado Gold from a “hold” rating to a “reduce” rating and decreased their target price for the company from $1.15 to $0.80 in a report on Thursday, September 6th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Eldorado Gold currently has a consensus rating of “Hold” and an average target price of $1.14.

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The company has a current ratio of 7.19, a quick ratio of 5.59 and a debt-to-equity ratio of 0.16. The company has a market cap of $701.19 million, a price-to-earnings ratio of 45.71, a P/E/G ratio of 35.32 and a beta of 1.38.

Several institutional investors and hedge funds have recently bought and sold shares of EGO. Wells Fargo & Company MN boosted its stake in shares of Eldorado Gold by 8.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,605,645 shares of the basic materials company’s stock valued at $1,348,000 after purchasing an additional 127,408 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Eldorado Gold by 1.3% in the 1st quarter. BlackRock Inc. now owns 7,375,118 shares of the basic materials company’s stock valued at $6,195,000 after purchasing an additional 93,219 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Eldorado Gold by 32.8% in the 1st quarter. OppenheimerFunds Inc. now owns 2,353,511 shares of the basic materials company’s stock valued at $1,977,000 after purchasing an additional 581,700 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Eldorado Gold by 5.6% in the 1st quarter. Allianz Asset Management GmbH now owns 5,594,696 shares of the basic materials company’s stock valued at $4,687,000 after purchasing an additional 295,811 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Eldorado Gold by 51.3% in the 1st quarter. UBS Group AG now owns 2,183,761 shares of the basic materials company’s stock valued at $1,834,000 after purchasing an additional 740,026 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Eldorado Gold Company Profile (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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