Eldorado Gold Corp. (EGO) Trading Up 2.2%
Eldorado Gold Corp. (NYSE:EGO)’s share price was up 2.2% during mid-day trading on Tuesday . The stock traded as high as $4.28 and last traded at $4.18, with a volume of 3,951,586 shares trading hands. The stock had previously closed at $4.09.
Several equities analysts have recently issued reports on EGO shares. Scotiabank raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. HSBC reaffirmed a “buy” rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. Canaccord Genuity raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $5.75 to $7.00 in a research note on Monday, May 9th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $6.00 price target on shares of Eldorado Gold Corp. in a research note on Sunday, June 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Eldorado Gold Corp. currently has an average rating of “Buy” and an average price target of $4.98.
The stock’s 50-day moving average price is $4.47 and its 200 day moving average price is $3.75. The firm’s market capitalization is $2.92 billion.
Eldorado Gold Corp. (NYSE:EGO) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $107 million for the quarter, compared to the consensus estimate of $190.99 million. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, equities analysts anticipate that Eldorado Gold Corp. will post $0.06 EPS for the current fiscal year.
A hedge fund recently raised its stake in Eldorado Gold Corp. stock. State of Wisconsin Investment Board boosted its position in shares of Eldorado Gold Corp. (NYSE:EGO) by 69.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,503 shares of the company’s stock after buying an additional 254,800 shares during the period. State of Wisconsin Investment Board owned approximately 0.09% of Eldorado Gold Corp. worth $1,837,000 at the end of the most recent quarter.
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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