Media stories about Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eldorado Gold Corporation earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.5181028861336 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Several brokerages recently issued reports on EGO. Credit Suisse Group upgraded Eldorado Gold Corporation from an “underperform” rating to a “neutral” rating in a research note on Monday, September 25th. Zacks Investment Research cut Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Scotiabank cut their target price on Eldorado Gold Corporation from $3.25 to $3.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 12th. TD Securities cut their target price on Eldorado Gold Corporation from $4.75 to $4.25 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Finally, Macquarie cut Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 12th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Eldorado Gold Corporation currently has a consensus rating of “Hold” and an average price target of $3.94.

Eldorado Gold Corporation (EGO) traded down 1.33% during midday trading on Thursday, reaching $2.22. The company’s stock had a trading volume of 2,032,157 shares. The stock has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.75. The company’s market cap is $1.59 billion. Eldorado Gold Corporation has a 12 month low of $1.77 and a 12 month high of $3.91.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The firm had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. During the same period last year, the firm earned ($0.01) EPS. The business’s quarterly revenue was down 22.8% compared to the same quarter last year. Analysts expect that Eldorado Gold Corporation will post $0.04 earnings per share for the current fiscal year.

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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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