Eldorado Gold Corporation (NYSE:EGO) Price Target & Session Check

Marco Green
June 3, 2017

Eldorado Gold Corp (USA) (NYSE:EGO)'s shares are now trading -40.55% away from the 52-week high price of $5.13 and +20.08% far from the 52-week low price of $2.54. As of April 13th, there was short interest totalling 10,599,767 shares, a drop of 17.3% from the March 31st total of 12,817,596 shares. Finally, TD Securities restated a "buy" rating on shares of Eldorado Gold Corp in a research report on Tuesday, May 16th. Eldorado Gold Corp presently has a consensus rating of "Buy" and an average price target of $5.25. Eldorado Gold Corp's quarterly revenue was up 18.2% compared to the same quarter past year. The company has grown 1.59% in past 3 months and in the last five trades has moved up 1.63%. Finally, Brandes Investment Partners LP bought a new position in shares of Eldorado Gold Corp during the third quarter valued at $118,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 254,185 shares of the basic materials company's stock valued at $998,000 after buying an additional 58,125 shares during the period.

Eldorado Gold Corporation (EGO) now has P/E (Price to Earnings) ratio of 222.19 while the company's industry has 261.75 P/E and the sector P/E is 37.77. Eldorado Gold Corp's revenue for the quarter was up 18.2% on a year-over-year basis. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Eldorado Gold Corp by 2.0% in the first quarter.

Wilks Brothers, LLC on 2017-05-25 Buy 375000 shares of the company at a price of $2.79. These ratios are important while doing valuation of the company or the shares of the company.

Grubisich said the company had 1 billion reais in cash by the end of first quarter and he is confident Eldorado will be able to roll over trade finance lines that represent the bulk of its 2.1 billion short-term debt.

While having a peek at profitability ratios Eldorado Gold Corp (NYSE:EGO) has trailing twelve month gross margin at 39.4%, its trailing twelve month operating margin stands at 16.7% whereas its trailing twelve month net profit margin spots at -75.1%.

Market Capitalization can be thought of as the overall price to buy the company.

Currently, EPS of Eldorado Gold Corporation (EGO) is 0.01 while the analysts predicted the EPS of the stock to be 0.01 suggesting the company fell short of the analysts' expectations. The stock witnessed -12.84% declines, 4.25% gains and 19.92% gains for the 1-month, 3-month and 6-month period, respectively.

3 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 156.17 million while high and low sale targets are estimated at 165 million and 142.13 million respectively. The business had revenue of $111.90 million during the quarter, compared to analyst estimates of $124.83 million. ING Groep NV purchased a new stake in Eldorado Gold Corp during the fourth quarter worth about $176,000. Zacks Investment Research lowered shares of Eldorado Gold Corp from a "hold" rating to a "strong sell" rating in a report on Friday, February 24th. On average, equities analysts predict that Eldorado Gold Corp will post $0.07 EPS for the current fiscal year. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright legislation. The correct version of this article can be accessed at https://www.thestockobserver.com/2017/06/02/valuengine-downgrades-eldorado-gold-corp-ego-to-sell.html.

Now the P/E of Eldorado Gold Corporation stands at 218.57. The Company's geographical segments include Turkey, Brazil, Greece, Romania and Other.

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