Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) traded down 6.3% during mid-day trading on Monday . The stock traded as low as $1.90 and last traded at $1.93. 6,004,195 shares changed hands during trading, a decline of 7% from the average session volume of 6,446,510 shares. The stock had previously closed at $2.06.

Several research analysts have recently weighed in on EGO shares. Scotiabank decreased their price target on shares of Eldorado Gold Corporation from $3.25 to $3.00 and set a “sector perform” rating on the stock in a report on Tuesday. TD Securities decreased their price target on shares of Eldorado Gold Corporation from $4.75 to $4.25 and set a “buy” rating on the stock in a report on Tuesday. BidaskClub raised shares of Eldorado Gold Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Credit Suisse Group cut shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 price target on the stock. in a report on Monday, July 31st. Finally, Royal Bank Of Canada set a $4.00 price target on shares of Eldorado Gold Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Eldorado Gold Corporation has a consensus rating of “Hold” and an average price target of $4.27.

The company’s 50-day moving average price is $2.03 and its 200-day moving average price is $2.84. The stock’s market cap is $1.41 billion.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.01 earnings per share for the quarter. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The company had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $104.71 million. During the same quarter in the previous year, the company earned ($0.01) EPS. Eldorado Gold Corporation’s revenue for the quarter was down 22.8% on a year-over-year basis. Equities analysts forecast that Eldorado Gold Corporation will post $0.04 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Asset Management Inc lifted its stake in shares of Eldorado Gold Corporation by 0.5% during the 1st quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock valued at $152,000 after buying an additional 227 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Eldorado Gold Corporation by 2.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock valued at $140,000 after buying an additional 1,148 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Eldorado Gold Corporation by 2.9% during the 2nd quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock valued at $175,000 after buying an additional 1,882 shares in the last quarter. Capstone Asset Management Co. lifted its stake in shares of Eldorado Gold Corporation by 3.6% during the 1st quarter. Capstone Asset Management Co. now owns 72,551 shares of the basic materials company’s stock valued at $247,000 after buying an additional 2,530 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in shares of Eldorado Gold Corporation by 28.6% during the 2nd quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock valued at $116,000 after buying an additional 9,745 shares in the last quarter. Institutional investors own 55.08% of the company’s stock.

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About Eldorado Gold Corporation

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

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