Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $1.90 and last traded at $1.91, with a volume of 5,025,884 shares changing hands. The stock had previously closed at $1.99.

Several research analysts have recently commented on EGO shares. Credit Suisse Group lowered shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 price target for the company. in a report on Monday, July 31st. Canaccord Genuity lowered shares of Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. TD Securities reaffirmed a “buy” rating on shares of Eldorado Gold Corporation in a report on Thursday, June 29th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $5.75 price target on shares of Eldorado Gold Corporation in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.72.

The company has a 50 day moving average price of $2.56 and a 200-day moving average price of $3.16. The company’s market cap is $1.31 billion.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $104.71 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue was down 22.8% on a year-over-year basis. Analysts anticipate that Eldorado Gold Corporation will post $0.04 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group acquired a new position in Eldorado Gold Corporation during the second quarter worth about $104,000. Karp Capital Management Corp acquired a new position in Eldorado Gold Corporation during the first quarter worth about $116,000. Aperio Group LLC increased its position in Eldorado Gold Corporation by 28.6% in the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after buying an additional 9,745 shares during the last quarter. Essex Investment Management Co. LLC increased its position in Eldorado Gold Corporation by 2.2% in the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after buying an additional 1,148 shares during the last quarter. Finally, World Asset Management Inc increased its position in Eldorado Gold Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock worth $152,000 after buying an additional 227 shares during the last quarter. Institutional investors own 50.46% of the company’s stock.

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About Eldorado Gold Corporation

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

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