Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) has been given a $5.00 price objective by stock analysts at BMO Capital Markets in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 87.97% from the company’s previous close.

A number of other research firms have also weighed in on EGO. Goldman Sachs Group Inc. raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $4.40 to $5.00 in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. RBC Capital Markets reissued an “outperform” rating and set a $7.50 target price (down previously from $9.00) on shares of Eldorado Gold Corp. in a research report on Monday, September 26th. Dundee Securities reissued a “neutral” rating and set a $6.00 target price on shares of Eldorado Gold Corp. in a research report on Monday, September 19th. Finally, TD Securities reissued a “buy” rating and set a $6.00 target price on shares of Eldorado Gold Corp. in a research report on Friday, September 9th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Eldorado Gold Corp. has an average rating of “Buy” and a consensus target price of $5.27.

Analyst Recommendations for Eldorado Gold Corp. (NYSE:EGO)

Eldorado Gold Corp. (NYSE:EGO) traded up 0.38% during midday trading on Thursday, reaching $2.66. 4,178,218 shares of the company traded hands. The firm’s market capitalization is $1.90 billion. The firm’s 50 day moving average price is $3.22 and its 200 day moving average price is $3.98. Eldorado Gold Corp. has a 12 month low of $1.87 and a 12 month high of $5.16.

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

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A number of hedge funds have recently bought and sold shares of EGO. Aperio Group LLC boosted its stake in Eldorado Gold Corp. by 2.4% in the third quarter. Aperio Group LLC now owns 29,042 shares of the company’s stock worth $114,000 after buying an additional 676 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 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 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 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. 54.13% of the stock is currently owned by institutional investors and hedge funds.

About Eldorado Gold Corp.

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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