Eldorado Gold Corporation Price Target Trimmed to $4.25 at TD Securities

Cornelia Mascio
Settembre 20, 2017

Commerzbank Aktiengesellschaft FI lifted its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 15.9% during the 2nd quarter, according to its most recent disclosure with the SEC. Previously Eldorado Gold Corp (NYSE:EGO) reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01 by $0 with surprise factor of 0%. Royal Bank Of Canada reiterated a buy recommendation on stocks of Eldorado Gold Corporation in a note on Tue, Jun 6th.

Other institutional investors and hedge funds also recently modified their holdings of the company. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Eldorado Gold Corporation by 2.0% during the first quarter.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Franklin Resources Inc. increased its stake in Eldorado Gold Corporation by 132.3% in the fourth quarter. The Virginia Retirement Systems Et Al holds 361,700 shares with $1.17M value, up from 101,000 last quarter. Inc. acquired a new stake in New Gold during the first quarter worth about $26,342,000. Marlin Sams Capital Management LLC now owns 4,892,638 shares of the company's stock worth $14,580,000 after buying an additional 4,325,000 shares in the last quarter. Creative Planning has an ownership of 373,893 stocks of the basic materials firms shares valued $987,000 after scooping up an extra 300,752 shares through out the quarter.

ILLEGAL ACTIVITY WARNING: This article was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation. Now the P/E of Eldorado Gold Corporation (EGO) stands at 145.

A number of equities research analysts have issued reports on NGD shares. On July 31, 2017 the stock rating was set at "Sector Perform" in a report from Credit Suisse which is down from the previous "Outperform" rating. Zacks Investment Research raised Eldorado Gold Corporation from a "sell" rating to a "hold" rating in a report on Thursday, June 29th. Tower Research Capital LLC TRC now owns 20,929 shares of the basic materials company's stock valued at $168,000 after purchasing an additional 11,217 shares during the period. The company was maintained on Thursday, March 30 by RBC Capital Markets. Sumitomo Mitsui Trust Holdings Inc. now owns 5,041,795 shares of the company's stock worth $19,834,000 after buying an additional 2,561,742 shares in the last quarter. The stock has an average rating of Hold and an average target price of $4.18. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 13.31% from last close price of 2.32 and act as support or resistance of price limit. The stock touched 52-week High of $4.34 on 09/22/16 and 52-week Low of $1.77 on 08/04/17. The company has market cap of $1.80 billion.

New Gold (NYSE:NGD) (TSE:NGD) last issued its quarterly earnings data on Wednesday, July 26th. For the most recent quarter, quick ratio was 10.6, current ratio was 12.4, LT Debt/Equity ratio was 0.17 and Total Debt/Equity ratio stands at 0, while Payout ratio is 4.425. New Gold had a return on equity of 4.03% and a net margin of 12.45%. The business's revenue was down 22.8% on a year-over-year basis.

Eldorado Gold Corporation (EGO) reported sales (ttm) of 425.6 Million, whereas, 3 number of analysts estimated the mean sale of 118.91 million.

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company's geographical divisions include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey.

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