Eldorado Gold Corp Stock Rating Reaffirmed by Barclays (EGO)
Eldorado Gold Corp (NYSE:EGO)‘s stock had its “equal weight” rating reiterated by Barclays in a research note issued on Monday. They currently have a $9.00 price objective on the stock, up from their previous price objective of $7.00. Barclays’ price target would indicate a potential upside of 13.78% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Eldorado Gold Corp from $9.00 to $10.00 in a research note on Thursday, July 17th. Separately, analysts at Canaccord Genuity downgraded shares of Eldorado Gold Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. They now have a $9.00 price target on the stock. Finally, 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, July 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $8.21.
Eldorado Gold Corp (NYSE:EGO) traded down 1.39% during mid-day trading on Monday, hitting $7.80. 413,847 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 $7.34 and a 200-day moving average of $6.54. The company’s market cap is $5.574 billion.
Eldorado Gold Corp (NYSE:EGO) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $267.39 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Eldorado Gold Corp will post $0.23 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Tuesday, August 26th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.0093 per share. This represents a dividend yield of 0.23%. The ex-dividend date is Wednesday, August 13th.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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