Eldorado Gold Corp. (EGO) Stock Price Up 0.7%
Shares of Eldorado Gold Corp. (NYSE:EGO) rose 0.7% during trading on Wednesday . The company traded as high as $4.38 and last traded at $4.28, with a volume of 6,881,003 shares. The stock had previously closed at $4.25.
EGO has been the topic of a number of recent research reports. Canaccord Genuity upgraded Eldorado Gold Corp. from a “hold” rating to a “buy” rating and upped their target price for the stock from $5.75 to $7.00 in a research note on Monday, May 9th. Dundee Securities upgraded Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $6.00 target price (up previously from $4.00) on shares of Eldorado Gold Corp. in a research note on Tuesday, May 10th. Zacks Investment Research downgraded Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, TD Securities restated a “buy” rating and issued a $6.00 target price (up previously from $5.50) on shares of Eldorado Gold Corp. in a research note on Monday, May 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $4.98.
The company’s market capitalization is $3.07 billion. The company’s 50 day moving average is $4.44 and its 200-day moving average is $3.88.
Eldorado Gold Corp. (NYSE:EGO) last released its quarterly 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 company had revenue of $107 million for the quarter, compared to analysts’ expectations of $190.99 million. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. Equities analysts forecast that Eldorado Gold Corp. will post $0.07 EPS for the current year.
A hedge fund recently raised its stake in Eldorado Gold Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Eldorado Gold Corp. (NYSE:EGO) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,352,140 shares of the company’s stock after buying an additional 199,125 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.61% of Eldorado Gold Corp. worth $12,846,000 as of its most recent SEC filing.
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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