Goldman Sachs Group Inc. Initiates Coverage on Eldorado Gold (EGO)
Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Eldorado Gold (NYSE:EGO) in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm set a “sell” rating on the stock.
A number of other firms have also recently commented on EGO. Analysts at Mackie downgraded shares of Eldorado Gold (NYSE:EGO) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 6th. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Eldorado Gold (NYSE:EGO) in a research note to investors on Monday, July 22nd. They set an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Eldorado Gold (NYSE:EGO) in a research note to investors on Monday, July 22nd. They set an “overweight” rating on the stock.
Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Eldorado Gold presently has an average rating of “Buy” and an average price target of $11.96.
Eldorado Gold (NYSE:EGO) opened at 7.57 on Friday. Eldorado Gold has a 52-week low of $5.56 and a 52-week high of $16.16. The stock’s 50-day moving average is $8.16 and its 200-day moving average is $7.80. The company has a market cap of $5.406 billion and a price-to-earnings ratio of 28.67.
Eldorado Gold (NYSE:EGO) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.02. The company had revenue of $266.93 million for the quarter, compared to the consensus estimate of $277.46 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Eldorado Gold will post $0.34 earnings per share for the current fiscal year.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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