Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) was upgraded by investment analysts at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat.com reports.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada set a $4.00 target price on shares of Eldorado Gold Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. TD Securities restated a “buy” rating on shares of Eldorado Gold Corporation in a research report on Thursday, June 29th. Canaccord Genuity downgraded shares of Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research upgraded shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $3.91.

Shares of Eldorado Gold Corporation (NYSE EGO) traded up 3.98% during trading on Monday, reaching $2.35. The company had a trading volume of 4,689,844 shares. The stock’s market capitalization is $1.68 billion. Eldorado Gold Corporation has a 1-year low of $1.77 and a 1-year high of $4.27. The company’s 50 day moving average is $2.01 and its 200-day moving average is $2.80.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The firm’s quarterly revenue was down 22.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. On average, equities research analysts anticipate that Eldorado Gold Corporation will post $0.04 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group acquired a new position in shares of Eldorado Gold Corporation in the second quarter worth about $104,000. Karp Capital Management Corp acquired a new position in shares of Eldorado Gold Corporation in the first quarter worth about $116,000. Aperio Group LLC raised its position in shares of Eldorado Gold Corporation by 28.6% in the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 9,745 shares during the period. Balyasny Asset Management LLC raised its position in shares of Eldorado Gold Corporation by 43.7% in the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 13,889 shares during the period. Finally, Essex Investment Management Co. LLC raised its position in shares of Eldorado Gold Corporation by 2.2% in the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 1,148 shares during the period. Institutional investors and hedge funds own 55.07% of the company’s stock.

About Eldorado Gold Corporation

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

Analyst Recommendations for Eldorado Gold Corporation (NYSE:EGO)

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