Eldorado Gold Corp. (EGO) Sees Unusually-High Trading Volume
Eldorado Gold Corp. (NYSE:EGO) saw unusually-strong trading volume on Friday . Approximately 6,063,958 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 5,561,733 shares.The stock last traded at $3.60 and had previously closed at $3.57.
A number of equities research analysts recently issued reports on EGO shares. Canaccord Genuity upgraded shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $5.75 to $7.00 in a report on Monday, May 9th. Dundee Securities raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research report on Monday, May 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $6.00 price target (up from $4.00) on shares of Eldorado Gold Corp. in a research report on Tuesday, May 10th. Zacks Investment Research cut shares of Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, TD Securities reaffirmed a “buy” rating and set a $6.00 price target (up from $5.50) on shares of Eldorado Gold Corp. in a research report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $4.98.
The stock has a 50 day moving average price of $4.28 and a 200 day moving average price of $3.94. The company’s market capitalization is $2.55 billion.
Eldorado Gold Corp. (NYSE:EGO) last issued its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business earned $107 million during the quarter, compared to analyst estimates of $190.99 million. Eldorado Gold Corp.’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. Equities research analysts expect that Eldorado Gold Corp. will post $0.07 EPS for the current year.
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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