Eldorado Gold Corp. (EGO) Sees Large Volume Increase
Eldorado Gold Corp. (NYSE:EGO) saw strong trading volume on Friday . 6,112,416 shares traded hands during trading, an increase of 2% from the previous session’s volume of 5,970,905 shares.The stock last traded at $3.30 and had previously closed at $3.28.
A number of equities research analysts recently issued reports on the stock. TD Securities reaffirmed a “buy” rating and set a $6.00 price target (up previously from $5.50) on shares of Eldorado Gold Corp. in a research note on Monday, May 16th. Zacks Investment Research downgraded shares of Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Royal Bank Of Canada reissued 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. Bank of America Corp. reissued a “sell” rating on shares of Eldorado Gold Corp. in a research note on Monday, May 16th. Finally, Howard Weil raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.10.
The firm’s market cap is $2.44 billion. The stock has a 50-day moving average of $4.06 and a 200 day moving average of $3.95.
Eldorado Gold Corp. (NYSE:EGO) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $107 million for the quarter, compared to analyst estimates of $190.99 million. The company’s revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, equities analysts anticipate that Eldorado Gold Corp. will post $0.07 earnings per share for the current 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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