Eldorado Gold Corporation (EGO) Rating Reiterated by TD Securities

TD Securities reissued their buy rating on shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) in a research note released on Thursday, June 29th.

EGO has been the topic of a number of other research reports. ValuEngine lowered shares of Eldorado Gold Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. Scotiabank reissued an outperform rating and issued a $5.75 price target on shares of Eldorado Gold Corporation in a report on Friday, April 28th. Royal Bank Of Canada reaffirmed a buy rating and issued a $4.25 price objective on shares of Eldorado Gold Corporation in a research note on Wednesday, March 29th. Canaccord Genuity raised shares of Eldorado Gold Corporation from a hold rating to a buy rating in a research note on Wednesday, March 29th. Finally, CIBC cut shares of Eldorado Gold Corporation from a sector perform rating to a sector underperform rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Eldorado Gold Corporation has a consensus rating of Hold and a consensus target price of $4.98.

Shares of Eldorado Gold Corporation (NYSE EGO) traded down 5.83% on Thursday, hitting $2.26. 9,265,930 shares of the stock traded hands. Eldorado Gold Corporation has a 52 week low of $2.23 and a 52 week high of $4.42. The stock has a 50 day moving average price of $2.61 and a 200-day moving average price of $3.19. The stock’s market cap is $1.62 billion.

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 for the quarter. The business had revenue of $82.70 million for the quarter, compared to analyst estimates of $104.71 million. Eldorado Gold Corporation had a negative net margin of 70.93% and a positive return on equity of 1.47%. Eldorado Gold Corporation’s revenue was down 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts forecast that Eldorado Gold Corporation will post $0.05 EPS for the current year.

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A number of large investors have recently made changes to their positions in EGO. Rehmann Capital Advisory Group bought a new position in shares of Eldorado Gold Corporation during the second quarter valued at approximately $104,000. Karp Capital Management Corp bought a new position in shares of Eldorado Gold Corporation during the first quarter valued at approximately $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 valued at $116,000 after buying an additional 9,745 shares during the period. 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 valued at $140,000 after buying an additional 1,148 shares during the period. Finally, World Asset Management Inc raised its position in shares of Eldorado Gold Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock valued at $152,000 after buying an additional 227 shares during the period. 55.86% of the stock is owned by institutional investors and hedge funds.

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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