Dundee Securities reaffirmed their neutral rating on shares of Eldorado Gold Corp. (NYSE:EGO) in a research report report published on Monday morning. They currently have a $6.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Eldorado Gold Corp. from a sell rating to a buy rating and set a $4.25 target price for the company in a research note on Thursday, September 15th. Bank of America Corp. upgraded shares of Eldorado Gold Corp. from an underperform rating to a buy rating and set a $5.00 target price for the company in a research note on Wednesday, September 14th. HSBC restated a buy rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. Goldman Sachs Group Inc. upgraded shares of Eldorado Gold Corp. from a neutral rating to a buy rating and raised their target price for the stock from $4.40 to $5.00 in a research note on Wednesday, August 10th. Finally, Credit Suisse Group AG restated a buy rating and issued a $6.00 target price on shares of Eldorado Gold Corp. in a research note on Sunday, June 5th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Eldorado Gold Corp. currently has an average rating of Buy and an average price target of $5.23.

Shares of Eldorado Gold Corp. (NYSE:EGO) opened at 4.22 on Monday. Eldorado Gold Corp. has a 1-year low of $1.87 and a 1-year high of $5.16. The stock’s 50 day moving average is $3.87 and its 200-day moving average is $4.04. The stock’s market cap is $3.02 billion.

Eldorado Gold Corp. (NYSE:EGO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The firm earned $107 million during the quarter, compared to analysts’ expectations of $190.99 million. Eldorado Gold Corp. had a negative net margin of 244.47% and a negative return on equity of 0.36%. Eldorado Gold Corp.’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. On average, analysts predict that Eldorado Gold Corp. will post $0.07 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Eldorado Gold Corp. by 0.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,060 shares of the company’s stock worth $877,000 after buying an additional 1,224 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Eldorado Gold Corp. by 0.9% in the second quarter. BNP Paribas Arbitrage SA now owns 141,155 shares of the company’s stock worth $635,000 after buying an additional 1,292 shares during the period. DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Eldorado Gold Corp. by 1.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 208,875 shares of the company’s stock worth $940,000 after buying an additional 2,000 shares during the period. World Asset Management Inc increased its stake in shares of Eldorado Gold Corp. by 7.5% in the second quarter. World Asset Management Inc now owns 44,594 shares of the company’s stock worth $201,000 after buying an additional 3,110 shares during the period. Finally, Creative Planning increased its stake in shares of Eldorado Gold Corp. by 3.5% in the second quarter. Creative Planning now owns 104,802 shares of the company’s stock worth $472,000 after buying an additional 3,504 shares during the period. Institutional investors and hedge funds own 55.36% of the company’s stock.

Eldorado Gold Corp. Company Profile

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.

5 Day Chart for NYSE:EGO

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