Eldorado Gold Corp (USA) was Downgraded by Credit Suisse to ” Neutral” on Jul 22, 2016. (NYSE:EGO) opened at 3.63 on Wednesday. Bank of America Corp. now has $5.00 price target on the stock.
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Recently analysts working for numerous investment brokerages have updated their research report ratings and price targets on shares of Eldorado Gold Corporation (NYSE:EGO).
03/30/2016 – Eldorado Gold Corporation had its “overweight” rating reiterated by analysts at JP Morgan.
Other research analysts have also issued reports about the company. They now have a United States dollars 5.5 price target on the stock.
According to Zacks, “Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey”.
The technical study highlights that Eldorado Gold Corporation Ordin current is trading $-0.07 points away or -1.84% from 50-day moving average of $3.89. The method to estimate ratio is stock’s price/ per share earnings. The company has a market cap of $3.43 billion.
With a total market value of $0.0, Eldorado Gold Corporation has a 52 week low of $1.87 and a one-year high of $5.16 with a PE ratio of 0. Stock prices often move to the upside on recommendations and new price targets of professional analysts. (NYSE:EGO) last announced its earnings results on Thursday, July 28th. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company had revenue of $107.10 million for the quarter, compared to analysts expectations of $192.94 million.
Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been successful at growing their earnings by at least 25 percent over a 3 year period. The firm’s quarterly revenue was down 14.0% compared to the same quarter a year ago. BofA/Merrill issued rating on the stock of Eldorado Gold Corp (USA) (NYSE:EGO) in a research note issued to investors on Sep-14-16, the stock received “Upgrade” rating from Underperform to Buy. Significant increases in trading volume and price appreciation together could signal heavy volume accumulation by institutional investors. Cambridge Investment Research Advisors Inc. boosted its stake in Eldorado Gold Corp.by 43.0% in the second quarter.
TheStreet Ratings rated this stock as a “sell” with a ratings score of D+.
06/27/2016 – Eldorado Gold Corporation was upgraded to “outperform” by analysts at Raymond James. Finally, Jefferies Group LLC boosted its stake in Eldorado Gold Corp.by 18.1% in the second quarter. Raymond James & Associates now owns 35,045 shares of the company’s stock worth $158,000 after buying an additional 21,495 shares during the last quarter.
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Eldorado Gold Corporation 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.
