Eldorado Gold Corp. (EGO) Sees Strong Trading Volume
Eldorado Gold Corp. (NYSE:EGO) saw unusually-high trading volume on Friday . Approximately 6,112,416 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 5,970,905 shares.The stock last traded at $3.30 and had previously closed at $3.28.
EGO has been the subject of several recent research reports. Canaccord Genuity raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and raised their price objective for the company from $5.75 to $7.00 in a research note on Monday, May 9th. Bank of America Corp. reissued a “sell” rating on shares of Eldorado Gold Corp. in a research note on Monday, May 16th. Dundee Securities raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th. TD Securities reiterated a “buy” rating and issued a $6.00 price target (up previously from $5.50) on shares of Eldorado Gold Corp. in a research note on Monday, May 16th. Finally, HSBC reiterated a “buy” rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $5.10.
The company’s 50-day moving average price is $4.06 and its 200 day moving average price is $3.95. The firm’s market cap is $2.44 billion.
Eldorado Gold Corp. (NYSE:EGO) last posted its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $107 million for the quarter, compared to analyst estimates of $190.99 million. During the same period last year, the company posted $0.02 EPS. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. Equities analysts predict that Eldorado Gold Corp. will post $0.07 earnings per share 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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