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Eldorado Gold (NYSE:EGO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Monday, ARN reports. They currently have a $6.80 price objective on the stock. Zacks‘ price objective would suggest a potential downside of 5.03% from the company’s current price.

EGO has been the subject of a number of other recent research reports. Analysts at Mackie downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Monday. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Eldorado Gold in a research note on Monday, January 20th. Finally, analysts at Barclays cut their price target on shares of Eldorado Gold from $8.00 to $7.00 in a research note on Friday, January 17th. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.93.

Shares of Eldorado Gold (NYSE:EGO) traded down 2.37% during mid-day trading on Monday, hitting $6.99. 4,604,870 shares of the company’s stock traded hands. Eldorado Gold has a 52 week low of $5.35 and a 52 week high of $10.38. The stock’s 50-day moving average is $6.47 and its 200-day moving average is $6.73. The company’s market cap is $5.005 billion.

Eldorado Gold (NYSE:EGO) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.03. The company had revenue of $231.70 million for the quarter, compared to the consensus estimate of $251.48 million. Analysts expect that Eldorado Gold will post $0.26 EPS for the current fiscal year.

Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.

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