<div id="readability-page-1"><p><span>Eldorado Gold (NYSE:EGO - Get Free Report) <span>TSE: ELD<span></span></span></span> was upgraded by stock analysts at Wall Street Zen from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a note issued to investors on Friday.</p><div><p><span></span><span>Get <strong>Eldorado Gold</strong> alerts:</span></p></div><ul><li>3 High-Momentum Gold Stocks Surging on the Metals Rally</li></ul><p>EGO has been the topic of several other research reports. Canaccord Genuity Group dropped their price target on shares of Eldorado Gold from $29.00 to $27.00 and set a &#34;hold&#34; rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada lifted their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an &#34;outperform&#34; rating in a research report on Friday, April 4th. National Bankshares  reaffirmed an &#34;outperform&#34; rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. Scotiabank upped their target price on Eldorado Gold from $16.50 to $19.00 and gave the company a &#34;sector perform&#34; rating in a report on Monday, April 14th. Finally, National Bank Financial raised Eldorado Gold to a &#34;strong-buy&#34; rating in a report on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating, three have issued  a buy rating and one  has issued  a strong buy rating to the stock. According to MarketBeat, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $21.70.</p><p><b>View Our Latest Stock Analysis on EGO</b></p><h2>Eldorado Gold Stock Down 1.7%</h2><ul><li>Which of these Gold Mining Stocks is Glittering After Earnings?</li></ul><p>Shares of EGO traded down $0.36 during trading hours on Friday, hitting $21.15. The stock had a trading volume of 2,204,848 shares, compared to its average volume of 1,660,743. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The firm has a 50 day simple moving average of $18.97 and a 200-day simple moving average of $16.55. The firm has a market capitalization of $4.35 billion, a P/E ratio of 15.11 and a beta of 0.42. Eldorado Gold has a 1-year low of $13.29 and a 1-year high of $21.79. </p><p>Eldorado Gold (NYSE:EGO - Get Free Report) <span>TSE: ELD<span></span></span> last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The firm had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million.  Sell-side analysts predict that  Eldorado Gold will post 1.5 EPS for the current fiscal year. </p><h2>Institutional Investors Weigh In On Eldorado Gold</h2><p>A number of hedge funds have recently modified their holdings of EGO. Continuum Advisory LLC raised its holdings in shares of  Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after purchasing an additional 1,945 shares during the period.  TD Waterhouse Canada Inc. raised its holdings in shares of  Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after purchasing an additional 682 shares during the period.  SBI Securities Co. Ltd. purchased a new position in  Eldorado Gold in the 4th quarter valued at approximately $55,000.  Generali Investments CEE investicni spolecnost a.s. purchased a new position in  Eldorado Gold in the 4th quarter valued at approximately $113,000.  Finally, Tradition Wealth Management LLC purchased a new position in  Eldorado Gold in the 4th quarter valued at approximately $153,000. Institutional investors own  69.58% of the company's stock. </p><h2>About Eldorado Gold</h2> (Get Free Report)<p>Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Eldorado Gold</li><li>What Investors Need to Know About Upcoming IPOs</li><li>A Large Oil Supply Draw Could Mean Upside in These 3 Energy Names</li><li>Should You Invest in Penny Stocks?</li><li>3 Stocks Getting Rare Double Upgrades From Analysts</li><li>Trading Stocks: RSI and Why it's Useful</li><li>This Banking Giant Just Got a $90 Price Target Upgrade</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVHTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVHTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Eldorado Gold Right Now?</h2><p>Before you consider Eldorado Gold, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eldorado Gold wasn't on the list.</p><p>While Eldorado Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wall Street Zen upgraded Eldorado Gold (NYSE:EGO) from a "hold" to a "buy" rating. Other analysts have varied opinions, with Canaccord Genuity lowering its price target to $27, while Royal Bank of Canada raised it to $21. The stock has an average rating of "Moderate Buy" and a consensus target price of $21.70. Eldorado Gold's shares traded down 1.7% to $21.15, with a market cap of $4.35 billion and a P/E ratio of 15.11. Institutional investors own 69.58% of the company.</p>

Eldorado Gold (NYSE:EGO) Upgraded at Wall Street Zen