Canaccord Genuity Initiates Coverage on Eldorado Gold (EGO)
Stock analysts at Canaccord Genuity assumed coverage on shares of Eldorado Gold (NYSE:EGO) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
A number of other analysts have also recently weighed in on EGO. Analysts at Haywood Securities cut their price target on shares of Eldorado Gold from $14.25 to $7.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Eldorado Gold in a research note to investors on Friday, September 20th. They set a “sell” rating and a $4.50 price target on the stock. Finally, analysts at Mackie downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Eldorado Gold has an average rating of “Buy” and a consensus target price of $10.54.
Shares of Eldorado Gold (NYSE:EGO) traded up 4.73% during mid-day trading on Thursday, hitting $6.86. The stock had a trading volume of 3,802,442 shares. Eldorado Gold has a 1-year low of $5.56 and a 1-year high of $16.20. The stock has a 50-day moving average of $8.23 and a 200-day moving average of $7.87. The company has a market cap of $4.899 billion and a P/E ratio of 24.81.
Eldorado Gold (NYSE:EGO) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.07 earnings per share. Eldorado Gold’s revenue was up 9.3% compared to the same quarter last year. 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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