Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $2.50 price objective on the basic materials company’s stock, down from their prior price objective of $4.25. TD Securities’ price target would suggest a potential upside of 68.92% from the company’s current price.

Several other research firms have also issued reports on EGO. ValuEngine lowered Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Credit Suisse Group lowered Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 target price for the company. in a research report on Monday, July 31st. Zacks Investment Research lowered Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada lowered Eldorado Gold Corporation from an “outperform” rating to a “hold” rating in a research report on Tuesday. Finally, Canaccord Genuity lowered Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.65.

Eldorado Gold Corporation (NYSE EGO) traded down 4.52% during mid-day trading on Tuesday, reaching $1.48. 18,255,293 shares of the company’s stock were exchanged. The stock’s market cap is $1.06 billion. Eldorado Gold Corporation has a 52 week low of $1.48 and a 52 week high of $3.91. The stock has a 50-day moving average price of $2.19 and a 200-day moving average price of $2.64.

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 analyst estimates of $104.71 million. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) EPS. On average, analysts forecast that Eldorado Gold Corporation will post $0.04 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its holdings in shares of Eldorado Gold Corporation by 2.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 1,148 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Eldorado Gold Corporation by 2.9% during the 2nd quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 1,882 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Eldorado Gold Corporation by 28.6% during the 2nd quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 9,745 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of Eldorado Gold Corporation by 43.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 13,889 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of Eldorado Gold Corporation by 1.7% during the 1st quarter. Gotham Asset Management LLC now owns 996,223 shares of the basic materials company’s stock valued at $3,397,000 after purchasing an additional 16,440 shares in the last quarter. Institutional investors and hedge funds own 55.47% of the company’s stock.

Eldorado Gold Corporation Company Profile

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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