Eldorado Gold Corp. (EGO) Trading Down 2.5%
Eldorado Gold Corp. (NYSE:EGO) shares traded down 2.5% during trading on Tuesday . The stock traded as low as $3.47 and last traded at $3.47, with a volume of 1,739,553 shares traded. The stock had previously closed at $3.56.
Several analysts have weighed in on EGO shares. Zacks Investment Research upgraded Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Wednesday. Goldman Sachs Group Inc. upgraded Eldorado Gold Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.40 to $5.00 in a research report on Wednesday, August 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $7.00 price objective (up previously from $6.00) on shares of Eldorado Gold Corp. in a research report on Tuesday, May 17th. Dundee Securities downgraded Eldorado Gold Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, May 16th. Finally, Scotiabank upgraded Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $4.98.
The firm’s market cap is $2.36 billion. The company’s 50 day moving average is $4.15 and its 200-day moving average is $3.96.
Eldorado Gold Corp. (NYSE:EGO) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. During the same quarter in the previous year, the firm earned $0.02 EPS. The business had revenue of $107 million for the quarter, compared to analysts’ expectations of $190.99 million. Eldorado Gold Corp.’s revenue was down 14.0% compared to the same quarter last year. Equities analysts predict 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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