Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) had its price target reduced by TD Securities from $4.75 to $4.25 in a report issued on Tuesday. TD Securities currently has a buy rating on the basic materials company’s stock.

A number of other analysts also recently commented on EGO. ValuEngine downgraded shares of Eldorado Gold Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. Royal Bank Of Canada reiterated a buy rating on shares of Eldorado Gold Corporation in a report on Tuesday, June 6th. CIBC downgraded shares of Eldorado Gold Corporation from a sector perform rating to a sector underperform rating in a report on Wednesday, June 28th. Credit Suisse Group downgraded shares of Eldorado Gold Corporation from an outperform rating to a neutral rating and cut their price objective for the company from $5.25 to $3.25 in a report on Thursday, June 29th. Finally, Zacks Investment Research upgraded shares of Eldorado Gold Corporation from a sell rating to a hold rating in a report on Thursday, June 29th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Eldorado Gold Corporation has an average rating of Hold and a consensus target price of $4.18.

Eldorado Gold Corporation (NYSE:EGO) opened at 2.32 on Tuesday. The stock’s market cap is $1.66 billion. Eldorado Gold Corporation has a 52-week low of $1.77 and a 52-week high of $4.34. The company has a 50-day moving average price of $2.01 and a 200 day moving average price of $2.81.

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

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Several institutional investors have recently bought and sold shares of EGO. Rehmann Capital Advisory Group purchased a new stake in shares of Eldorado Gold Corporation in the 2nd quarter valued at approximately $104,000. Karp Capital Management Corp purchased a new stake in shares of Eldorado Gold Corporation in the 1st quarter valued at approximately $116,000. Aperio Group LLC grew its stake in shares of Eldorado Gold Corporation by 28.6% in the 2nd quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock valued at $116,000 after buying an additional 9,745 shares during the period. Balyasny Asset Management LLC grew its stake in shares of Eldorado Gold Corporation by 43.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock valued at $120,000 after buying an additional 13,889 shares during the period. Finally, Essex Investment Management Co. LLC grew its stake in shares of Eldorado Gold Corporation by 2.2% in the 2nd quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock valued at $140,000 after buying an additional 1,148 shares during the period. 55.08% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Corporation Company Profile

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.

Analyst Recommendations for Eldorado Gold Corporation (NYSE:EGO)

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