Eldorado Gold Corp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:EGO)
Shares of Eldorado Gold Corp (NYSE:EGO) have been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the stock, Stock Ratings News reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $8.48.
A number of research firms have recently commented on EGO. 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 Corp (NYSE:EGO) opened at 7.92 on Monday. 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 $7.79 and a 200-day moving average of $6.71. The company’s market cap is $5.662 billion.
Eldorado Gold Corp (NYSE:EGO) last released its 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. Analysts expect that Eldorado Gold Corp will post $0.23 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Tuesday, August 26th. Stockholders 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.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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