Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) was the recipient of unusually large options trading on Monday. Stock investors bought 1,052 put options on the stock. This is an increase of 1,570% compared to the typical volume of 63 put options.
EGO has been the subject of several analyst reports. CIBC raised Eldorado Gold from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 10th. Zacks Investment Research raised IMI PLC/S from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. TD Securities decreased their price target on Great Canadian Gaming from C$62.00 to C$56.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. ValuEngine raised WPP from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 785 ($10.26) price target on shares of in a research report on Wednesday, June 26th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Eldorado Gold presently has a consensus rating of “Hold” and a consensus target price of $5.01.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EGO. King Luther Capital Management Corp bought a new stake in Eldorado Gold during the 1st quarter valued at approximately $94,000. Acadian Asset Management LLC purchased a new position in Eldorado Gold in the 4th quarter worth approximately $98,000. Two Sigma Investments LP purchased a new position in Eldorado Gold in the 4th quarter worth approximately $106,000. Two Sigma Advisers LP purchased a new position in Eldorado Gold in the 4th quarter worth approximately $156,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Eldorado Gold in the 1st quarter worth approximately $185,000. Hedge funds and other institutional investors own 41.47% of the company’s stock.Eldorado Gold stock opened at $6.98 on Tuesday. Eldorado Gold has a one year low of $2.52 and a one year high of $7.14. The stock has a fifty day moving average of $5.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.98 and a quick ratio of 2.70.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.07). The business had revenue of $80.02 million for the quarter, compared to the consensus estimate of $113.85 million. Eldorado Gold had a negative net margin of 97.68% and a negative return on equity of 1.40%. Analysts anticipate that Eldorado Gold will post 0.11 EPS for the current fiscal year.
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 100% interest in Tocantinzinho gold project in Brazil.
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