Eldorado Gold Corp Receives Average Rating of “Hold” from Analysts (NYSE:EGO)
Shares of Eldorado Gold Corp (NYSE:EGO) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, American Banking & Market News reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.10.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of Eldorado Gold Corp from $7.30 to $7.80 in a research note on Tuesday. Analysts at Cormark upgraded shares of Eldorado Gold Corp to a “buy” rating in a research note on Monday, May 5th.
Shares of Eldorado Gold Corp (NYSE:EGO) traded up 0.20% on Tuesday, hitting $7.375. 817,441 shares of the company’s stock traded hands. 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 $5.270 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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