TD Securities set a $4.00 price objective on Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in a report published on Friday. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other brokerages have also issued reports on EGO. CIBC lowered shares of Eldorado Gold Corporation from a sector perform rating to a sector underperform rating in a report on Wednesday, June 28th. Credit Suisse Group lowered shares of Eldorado Gold Corporation from an outperform rating to a neutral rating and dropped their price objective for the company from $5.25 to $3.25 in a report on Thursday, June 29th. Royal Bank Of Canada lowered shares of Eldorado Gold Corporation from an outperform rating to a sector perform rating and dropped their price objective for the company from $3.75 to $3.50 in a report on Thursday, June 29th. ValuEngine upgraded shares of Eldorado Gold Corporation from a sell rating to a hold rating in a report on Saturday, July 8th. Finally, Canaccord Genuity lowered shares of Eldorado Gold Corporation from a buy rating to a hold rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Eldorado Gold Corporation presently has an average rating of Hold and an average price target of $3.90.

Shares of Eldorado Gold Corporation (NYSE EGO) opened at 2.17 on Friday. Eldorado Gold Corporation has a 1-year low of $1.77 and a 1-year high of $3.91. The company’s market capitalization is $1.55 billion. The company’s 50 day moving average is $2.21 and its 200-day moving average is $2.66.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $82.70 million during the quarter, compared to analyst estimates of $104.71 million. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The firm’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS. On average, equities research analysts forecast that Eldorado Gold Corporation will post $0.04 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. Karp Capital Management Corp bought a new position in Eldorado Gold Corporation during the 1st quarter worth approximately $116,000. Rehmann Capital Advisory Group bought a new position in Eldorado Gold Corporation during the 2nd quarter worth approximately $104,000. Aperio Group LLC raised its holdings in 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 worth $116,000 after purchasing an additional 9,745 shares during the last quarter. Balyasny Asset Management LLC grew its position in shares of Eldorado Gold Corporation by 43.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock worth $120,000 after buying an additional 13,889 shares during the period. Finally, Essex Investment Management Co. LLC grew its position 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 worth $140,000 after buying an additional 1,148 shares during the period. Hedge funds and other institutional investors own 55.07% of the company’s stock.

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.

Analyst Recommendations for Eldorado Gold Corporation (NYSE:EGO)

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