Eldorado Gold Corporation (EGO) closed at $1.97 in the last trading session

Marco Green
September 14, 2017

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. The company has market cap of $1.83 billion. Average estimation for the current quarter has been provided by 8 analysts.

03/30/2016 - Eldorado Gold Corporation had its "overweight" rating reiterated by analysts at JP Morgan. The company has an average rating of "Hold" and an average price target of $4.27.

Eldorado Gold Corporation (EGO) remained unsuccessful in beating the consensus-estimated $0.01 as it actually earned $0.01 per share in its last reported financial results. Wall Street experts also assign a $3.49 price target on Eldorado Gold Corporation, pointing towards a 77.16% rally from current levels.

Previously Eldorado Gold Corp (NYSE:EGO) reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01 by $0.

07/31/2017 - Eldorado Gold Corporation was downgraded to "sector perform" by analysts at Scotiabank. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. The firm had revenue of $82.70 million for the quarter, compared to the consensus estimate of $104.71 million. Next quarter's EPS is estimated at $0.02 with next year's EPS anticipated to be $0.14. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. Rehmann Capital Advisory Group purchased a fresh position in stocks of Eldorado Gold Corporation in the 2nd valued at about $104,000. The 50 day moving average was up by +11.529% and the 200 day average went down by -20.137%. Balyasny Asset Management added additional shares of Eldorado Gold Corporation by 43.7% in the 2nd period. The company's revenue was down 22.8% on a year-over-year basis.

Shares of Eldorado Gold Corp (TSE ELD) opened at 2.41 on Tuesday. If you are reading this report on another website, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright laws. Eldorado Gold Corp (USA) (NYSE:EGO) has declined 23.79% since September 13, 2016 and is downtrending. The legal version of this story can be accessed at https://www.truebluetribune.com/2017/09/13/eldorado-gold-corporation-ego-downgraded-to-sell-at-zacks-investment-research.html.

Share prices are capable of moving sharply higher or lower in a very short amount of time. U S Global Investors Inc now owns 300,000 shares with a value of $792,000. As of quarter end Vanguard Group Inc had sold 116,146 shares trimming its position 57.3%. Hexavest Inc. lifted its stake in shares of Eldorado Gold Corporation by 121.5% in the 2nd quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company's stock worth $116,000 after acquiring an additional 9,745 shares in the last quarter. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.79%.

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interest in Olympias and Skouries, and 100% interest in Perama Hill gold projects in Greece; 81% interest in Certej gold project in Romania; 100% interest in Tocantinzinho gold project in Brazil; 95% interest in Stratoni lead and zinc mines in Greece; and 100% interest in Vila Nova iron ore mine in Brazil. The Company's geographical segments include Turkey, Brazil, Greece, Romania and Other.

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