Barclays Lowers Eldorado Gold Price Target to $7.00 (EGO)
Stock analysts at Barclays decreased their price objective on shares of Eldorado Gold (NYSE:EGO) from $8.00 to $7.00 in a report issued on Friday, AR Network reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would suggest a potential upside of 9.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Raymond James cut their price target on shares of Eldorado Gold from $10.50 to $9.50 in a research note to investors on Friday. Separately, analysts at Morgan Stanley downgraded shares of Eldorado Gold from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, November 26th. They now have a $7.70 price target on the stock, down previously from $8.00. Finally, analysts at TD Securities cut their price target on shares of Eldorado Gold from $11.00 to $10.00 in a research note to investors on Monday, November 11th. They now have an “action buy list” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Eldorado Gold has an average rating of “Buy” and an average price target of $9.09.
Eldorado Gold (NYSE:EGO) traded up 4.40% during mid-day trading on Friday, hitting $6.65. 7,451,107 shares of the company’s stock traded hands. Eldorado Gold has a 1-year low of $5.35 and a 1-year high of $13.26. The stock’s 50-day moving average is $5.75 and its 200-day moving average is $6.79. The company has a market cap of $4.752 billion and a price-to-earnings ratio of 30.62.
Eldorado Gold (NYSE:EGO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $287.30 million for the quarter, compared to the consensus estimate of $275.16 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Eldorado Gold will post $0.33 EPS for the current fiscal year.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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