Eldorado Gold Corp PT Raised to $7.80 at Morgan Stanley (EGO)
Investment analysts at Morgan Stanley hoisted their price objective on shares of Eldorado Gold Corp (NYSE:EGO) from $7.30 to $7.80 in a note issued to investors on Tuesday. Morgan Stanley’s price target points to a potential upside of 3.72% from the stock’s previous close.
Separately, analysts at Cormark upgraded shares of Eldorado Gold Corp to a “buy” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.10.
Eldorado Gold Corp (NYSE:EGO) traded up 2.17% during mid-day trading on Tuesday, hitting $7.52. The stock had a trading volume of 3,892,948 shares. Eldorado Gold Corp has a 52 week low of $5.35 and a 52 week high of $9.59. The stock has a 50-day moving average of $6.46 and a 200-day moving average of $6.31. The company’s market cap is $5.374 billion.
Eldorado Gold Corp (NYSE:EGO) last announced its earnings results on Thursday, May 1st. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.01. The company had revenue of $279.90 million for the quarter, compared to the consensus estimate of $262.19 million. During the same quarter last year, the company posted $0.11 earnings per share. Eldorado Gold Corp’s revenue was down 17.2% compared to the same quarter last year. On average, analysts predict that Eldorado Gold Corp will post $0.22 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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