Eldorado Gold Corp. (EGO) Shares Up 2.2%
Eldorado Gold Corp. (NYSE:EGO)’s share price shot up 2.2% during trading on Thursday . The stock traded as high as $3.35 and last traded at $3.29, with a volume of 6,735,732 shares trading hands. The stock had previously closed at $3.22.
Several brokerages have recently commented on EGO. Scotiabank upgraded Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. Howard Weil upgraded Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. Royal Bank Of Canada restated an “outperform” rating and set a $7.00 price target (up previously from $6.00) on shares of Eldorado Gold Corp. in a research note on Tuesday, May 17th. Dundee Securities lowered Eldorado Gold Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, May 16th. Finally, HSBC restated a “buy” rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $4.98.
The company has a 50 day moving average price of $4.15 and a 200-day moving average price of $3.96. The stock’s market capitalization is $2.35 billion.
Eldorado Gold Corp. (NYSE:EGO) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. During the same period in the prior year, the business earned $0.02 earnings per share. The firm had revenue of $107 million for the quarter, compared to the consensus estimate of $190.99 million. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, analysts expect that Eldorado Gold Corp. will post $0.07 EPS for the current fiscal 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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