Eldorado Gold Corp Given Consensus Recommendation of “Hold” by Analysts (NYSE:EGO)
Eldorado Gold Corp (NYSE:EGO) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, StockRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $8.48.
Eldorado Gold Corp (NYSE:EGO) opened at 8.26 on Monday. Eldorado Gold Corp has a one year low of $5.35 and a one year high of $9.59. The stock has a 50-day moving average of $7.73 and a 200-day moving average of $6.66. The company’s market cap is $5.906 billion.
Eldorado Gold Corp (NYSE:EGO) last released its earnings data on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.06 earnings per share. Eldorado Gold Corp’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that Eldorado Gold Corp will post $0.23 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Tuesday, August 26th. Investors of record on Friday, August 15th will be given a dividend of $0.0093 per share. This represents a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Eldorado Gold Corp in a research note on Monday, August 4th. They now have a $9.00 price target on the stock, up previously from $7.00. Separately, 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. Finally, 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.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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