Eldorado Gold Corp. (EGO) Stock Price Down 2.8%
Shares of Eldorado Gold Corp. (NYSE:EGO) dropped 2.8% during trading on Thursday . The company traded as low as $4.16 and last traded at $4.17, with a volume of 3,784,888 shares traded. The stock had previously closed at $4.29.
EGO has been the subject of a number of research reports. Canaccord Genuity upgraded Eldorado Gold Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $5.75 to $7.00 in a research report on Monday, May 9th. Bank of America Corp. reiterated a “sell” rating on shares of Eldorado Gold Corp. in a research report on Monday, May 16th. Dundee Securities upgraded Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research report on Monday, May 9th. TD Securities reiterated a “buy” rating and issued a $6.00 price objective (up from $5.50) on shares of Eldorado Gold Corp. in a research report on Monday, May 16th. Finally, HSBC reiterated a “buy” rating on shares of Eldorado Gold Corp. in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $4.98.
The company’s 50 day moving average is $4.42 and its 200-day moving average is $3.90. The stock’s market cap is $2.96 billion.
Eldorado Gold Corp. (NYSE:EGO) last posted its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm earned $107 million during the quarter, compared to the consensus estimate of $190.99 million. Eldorado Gold Corp.’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 earnings per share. On average, equities analysts expect that Eldorado Gold Corp. will post $0.07 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Eldorado Gold Corp. stock. I.G. Investment Management LTD. boosted its stake in shares of Eldorado Gold Corp. (NYSE:EGO) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,974,460 shares of the company’s stock after buying an additional 13,200 shares during the period. I.G. Investment Management LTD. owned 0.56% of Eldorado Gold Corp. worth $11,783,000 at the end of the most recent reporting period.
Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company’s activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania.
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