RBC Capital Reiterates “Sector Perform” Rating for Eldorado Gold (EGO)
Eldorado Gold (NYSE:EGO)‘s stock had its “sector perform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports.
Eldorado Gold (NYSE:EGO) opened at 6.68 on Monday. Eldorado Gold has a 52 week low of $5.35 and a 52 week high of $13.26. The stock’s 50-day moving average is $5.78 and its 200-day moving average is $6.79. The company has a market cap of $4.774 billion and a P/E ratio of 30.62.
Eldorado Gold (NYSE:EGO) last announced its earnings results 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.
The company also recently announced a semiannual dividend, which is scheduled for Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of 0.0092 per share. This represents a dividend yield of 0.28%. The ex-dividend date is Wednesday, January 29th.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Eldorado Gold from $8.00 to $7.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Eldorado Gold has an average rating of “Buy” and an average price target of $9.09.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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