RBC Capital Markets reiterated their outperform rating on shares of Eldorado Gold Corp. (NYSE:EGO) in a research report released on Monday morning. The firm currently has a $7.50 target price on the stock, down from their previous target price of $9.00.
Several other equities research analysts have also recently weighed in on the company. Credit Suisse Group AG reissued a buy rating and set a $6.00 price objective on shares of Eldorado Gold Corp. in a research note on Sunday, June 5th. Raymond James Financial Inc. raised Eldorado Gold Corp. from a market perform rating to an outperform rating in a research note on Monday, June 27th. HSBC reissued a buy rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. Goldman Sachs Group Inc. raised Eldorado Gold Corp. from a neutral rating to a buy rating and boosted their price objective for the stock from $4.40 to $5.00 in a research note on Wednesday, August 10th. Finally, Zacks Investment Research raised Eldorado Gold Corp. from a hold rating to a buy rating and set a $3.50 price objective on the stock in a research note on Wednesday, August 31st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $5.40.
Eldorado Gold Corp. (NYSE:EGO) opened at 4.03 on Monday. The firm has a 50-day moving average price of $3.87 and a 200-day moving average price of $4.05. Eldorado Gold Corp. has a 52 week low of $1.87 and a 52 week high of $5.16. The company’s market cap is $2.88 billion.
Eldorado Gold Corp. (NYSE:EGO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Eldorado Gold Corp. had a negative return on equity of 0.36% and a negative net margin of 244.47%. The business had revenue of $107 million for the quarter, compared to the consensus estimate of $190.99 million. During the same period in the previous year, the business earned $0.02 earnings per share. The business’s revenue was down 14.0% on a year-over-year basis. Equities research analysts anticipate that Eldorado Gold Corp. will post $0.07 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in Eldorado Gold Corp. by 43.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,811 shares of the company’s stock worth $134,000 after buying an additional 8,960 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Eldorado Gold Corp. during the second quarter worth $153,000. Raymond James & Associates raised its stake in Eldorado Gold Corp. by 158.6% in the second quarter. Raymond James & Associates now owns 35,045 shares of the company’s stock worth $158,000 after buying an additional 21,495 shares in the last quarter. Advisor Group Inc. bought a new stake in Eldorado Gold Corp. during the second quarter worth $177,000. Finally, Jefferies Group LLC raised its stake in Eldorado Gold Corp. by 18.1% in the second quarter. Jefferies Group LLC now owns 39,591 shares of the company’s stock worth $178,000 after buying an additional 6,063 shares in the last quarter. Institutional investors own 55.36% of the company’s stock.
Eldorado Gold Corp. Company Profile
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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