Eldorado Gold Corp Given Average Recommendation of “Hold” by Brokerages (NYSE:EGO)
Eldorado Gold Corp (NYSE:EGO) has been given an average recommendation of “Hold” by the sixteen ratings firms that are currently covering the company, StockRatingsNetwork.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $8.09.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Eldorado Gold Corp from a “buy” rating to a “hold” rating in a research note on Thursday. They now have a $9.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Eldorado Gold Corp from $8.50 to $9.00 in a research note on Wednesday. Finally, 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.
Shares of Eldorado Gold Corp (NYSE:EGO) opened at 7.72 on Tuesday. Eldorado Gold Corp has a 1-year low of $5.35 and a 1-year high of $9.59. The stock has a 50-day moving average of $6.6 and a 200-day moving average of $6.37. The company’s market cap is $5.517 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. Analysts expect that Eldorado Gold Corp will post $0.22 EPS for the current fiscal year.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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