Eldorado Gold Corp. (EGO) Shares Down 2.8%
Eldorado Gold Corp. (NYSE:EGO)’s share price dropped 2.8% during mid-day trading on Thursday . The company traded as low as $4.16 and last traded at $4.17, with a volume of 3,784,888 shares. The stock had previously closed at $4.29.
A number of equities analysts recently issued reports on EGO shares. Canaccord Genuity raised 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. Dundee Securities raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a report on Monday, May 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $6.00 price target (up previously from $4.00) on shares of Eldorado Gold Corp. in a report on Tuesday, May 10th. Zacks Investment Research lowered shares of Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, TD Securities reissued a “buy” rating and issued a $6.00 price target (up previously from $5.50) on shares of Eldorado Gold Corp. in a report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $4.98.
The stock’s 50-day moving average price is $4.44 and its 200-day moving average price is $3.88. The firm’s market cap is $3.05 billion.
Eldorado Gold Corp. (NYSE:EGO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.01. The company earned $107 million during the quarter, compared to the consensus estimate of $190.99 million. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. Analysts anticipate 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. 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 filing with the 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 at the end of the most recent reporting period.
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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