Shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) gapped down prior to trading on Monday . The stock had previously closed at $2.91, but opened at $3.42. Eldorado Gold shares last traded at $3.61, with a volume of 55714 shares.

EGO has been the subject of several analyst reports. CIBC downgraded Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a research note on Thursday, January 31st. Zacks Investment Research raised Eldorado Gold from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Wednesday, March 20th. BMO Capital Markets raised Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 target price for the company in a report on Friday, February 1st. Credit Suisse Group started coverage on Eldorado Gold in a report on Tuesday, April 16th. They issued a “neutral” rating and a $6.00 target price for the company. Finally, ValuEngine lowered Eldorado Gold from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Eldorado Gold has an average rating of “Hold” and an average price target of $4.77.

The firm has a market cap of $543.10 million, a PE ratio of -20.65, a P/E/G ratio of 5.04 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.63 and a quick ratio of 2.66.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, May 2nd. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The business had revenue of $80.02 million during 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 1.38%. On average, equities analysts predict that Eldorado Gold Corp will post 0.14 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in EGO. Brave Asset Management Inc. bought a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $36,000. Signition LP bought a new position in Eldorado Gold during the fourth quarter valued at $43,000. Acadian Asset Management LLC bought a new position in Eldorado Gold during the fourth quarter valued at $98,000. Two Sigma Investments LP bought a new position in Eldorado Gold during the fourth quarter valued at $106,000. Finally, Two Sigma Advisers LP bought a new position in Eldorado Gold during the fourth quarter valued at $156,000. 42.75% of the stock is owned by institutional investors.

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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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