Shares of Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) have earned a consensus rating of “Buy” from the seventeen brokerages that are currently covering the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.44.

Several brokerages recently weighed in on EGO. Zacks Investment Research lowered Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. TD Securities reiterated a “buy” rating and issued a $6.00 price objective on shares of Eldorado Gold Corp. in a research report on Friday, September 9th. RBC Capital Markets restated an “outperform” rating and set a $7.50 price target (down from $9.00) on shares of Eldorado Gold Corp. in a research report on Monday, September 26th. Finally, Dundee Securities restated a “neutral” rating and set a $6.00 price target on shares of Eldorado Gold Corp. in a research report on Monday, September 19th.

Eldorado Gold Corp. (NYSE:EGO) traded up 0.887% during midday trading on Tuesday, hitting $2.845. The stock had a trading volume of 3,069,098 shares. The firm has a 50 day moving average of $3.30 and a 200 day moving average of $4.01. The firm’s market cap is $2.04 billion. Eldorado Gold Corp. has a 52 week low of $1.87 and a 52 week high of $5.16.

Eldorado Gold Corp. (NYSE:EGO) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Eldorado Gold Corp. had a positive return on equity of 0.58% and a negative net margin of 264.05%. The firm earned $156 million during the quarter, compared to analyst estimates of $199.73 million. During the same period in the previous year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. Equities research analysts predict that Eldorado Gold Corp. will post $0.07 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC boosted its position in Eldorado Gold Corp. by 2.4% in the third quarter. Aperio Group LLC now owns 29,042 shares of the company’s stock valued at $114,000 after buying an additional 676 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Eldorado Gold Corp. by 0.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,060 shares of the company’s stock worth $877,000 after buying an additional 1,224 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Eldorado Gold Corp. by 0.9% in the second quarter. BNP Paribas Arbitrage SA now owns 141,155 shares of the company’s stock worth $635,000 after buying an additional 1,292 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Eldorado Gold Corp. by 1.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 208,875 shares of the company’s stock worth $940,000 after buying an additional 2,000 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Eldorado Gold Corp. by 3.1% in the third quarter. Capstone Asset Management Co. now owns 70,001 shares of the company’s stock worth $275,000 after buying an additional 2,120 shares during the last quarter. Institutional investors own 54.13% 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.

5 Day Chart for NYSE:EGO

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