Eldorado Gold Corp. (EGO) Trading 3% Higher
Eldorado Gold Corp. (NYSE:EGO) traded up 3% during mid-day trading on Wednesday . The company traded as high as $4.31 and last traded at $4.17, with a volume of 3,397,762 shares trading hands. The stock had previously closed at $4.05.
A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity upgraded shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and boosted their price target for the company from $5.75 to $7.00 in a report on Monday, May 9th. Bank of America Corp. reiterated a “sell” rating on shares of Eldorado Gold Corp. in a research note on Monday, May 16th. Raymond James Financial Inc. upgraded shares of Eldorado Gold Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $6.00 price objective (up previously from $4.00) on shares of Eldorado Gold Corp. in a research note on Tuesday, May 10th. Finally, Zacks Investment Research lowered shares of Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Eldorado Gold Corp. presently has an average rating of “Buy” and a consensus target price of $4.98.
The company’s market capitalization is $2.98 billion. The firm’s 50 day moving average price is $4.45 and its 200 day moving average price is $3.81.
Eldorado Gold Corp. (NYSE:EGO) last announced its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $107 million for the quarter, compared to analyst estimates of $190.99 million. The business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. On average, analysts predict that Eldorado Gold Corp. will post $0.07 earnings per share for the current year.
A hedge fund recently raised its stake in Eldorado Gold Corp. stock. I.G. Investment Management LTD. increased its stake in Eldorado Gold Corp. (NYSE:EGO) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,974,460 shares of the company’s stock after buying an additional 13,200 shares during the period. I.G. Investment Management LTD. owned 0.56% of Eldorado Gold Corp. worth $11,783,000 as of its most recent filing with the SEC.
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.