Eldorado Gold Corp. (EGO) Trading 2.2% Higher
Eldorado Gold Corp. (NYSE:EGO)’s share price traded up 2.2% during mid-day trading on Thursday . The stock traded as high as $3.35 and last traded at $3.29, with a volume of 6,735,732 shares changing hands. The stock had previously closed at $3.22.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Wednesday. Goldman Sachs Group Inc. raised Eldorado Gold Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $4.40 to $5.00 in a report on Wednesday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $7.00 price objective (up from $6.00) on shares of Eldorado Gold Corp. in a report on Tuesday, May 17th. Dundee Securities lowered Eldorado Gold Corp. from a “buy” rating to a “neutral” rating in a report on Monday, May 16th. Finally, Scotiabank raised Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Eldorado Gold Corp. presently has a consensus rating of “Buy” and an average target price of $5.10.
The firm’s market cap is $2.44 billion. The stock has a 50 day moving average price of $4.06 and a 200 day moving average price of $3.95.
Eldorado Gold Corp. (NYSE:EGO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm earned $107 million during the quarter, compared to analysts’ expectations of $190.99 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Eldorado Gold Corp.’s revenue was down 14.0% on a year-over-year basis. Analysts expect that Eldorado Gold Corp. will post $0.07 EPS for the current fiscal year.
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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