Eldorado Gold Corp. (EGO) Stock Price Down 2.5%
Eldorado Gold Corp. (NYSE:EGO) fell 2.5% during trading on Tuesday . The company traded as low as $3.47 and last traded at $3.47, with a volume of 1,739,553 shares trading hands. The stock had previously closed at $3.56.
A number of research firms have recently commented on EGO. Canaccord Genuity upgraded Eldorado Gold Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $5.75 to $7.00 in a research report on Monday, May 9th. Bank of America Corp. reaffirmed a “sell” rating on shares of Eldorado Gold Corp. in a research note on Monday, May 16th. Raymond James Financial Inc. raised shares of Eldorado Gold Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $6.00 price target (up from $4.00) on shares of Eldorado Gold Corp. in a research note on Tuesday, May 10th. Finally, Zacks Investment Research lowered shares of Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $4.98.
The company’s 50 day moving average is $4.24 and its 200-day moving average is $3.96. The stock’s market cap is $2.44 billion.
Eldorado Gold Corp. (NYSE:EGO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $107 million for the quarter, compared to analysts’ expectations of $190.99 million. During the same period in the previous year, the company posted $0.02 EPS. The business’s quarterly revenue was down 14.0% on a year-over-year basis. On average, equities research analysts forecast that Eldorado Gold Corp. will post $0.07 earnings per share 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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