Eldorado Gold Corp Stock Price Up 2% After Analyst Upgrade (EGO)
Eldorado Gold Corp (NYSE:EGO)’s share price was up 2% during trading on Tuesday after Morgan Stanley raised their price target on the stock from $7.30 to $7.80, StockRatingsNetwork reports. The stock traded as high as $7.52 and last traded at $7.51, with a volume of 3,484,735 shares changing hands. The stock had previously closed at $7.36.
Separately, analysts at Cormark upgraded shares of Eldorado Gold Corp to a “buy” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Eldorado Gold Corp presently has an average rating of “Hold” and a consensus price target of $8.10.
The stock’s 50-day moving average is $6.46 and its 200-day moving average is $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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