Macquarie Cuts Rating On Eldorado Gold Corporation Ordin (EGO) To "Neutral"

Macquarie Cuts Rating On Eldorado Gold Corporation Ordin (EGO) To

The correct version of this story can be accessed at Considering that the stock daily volume of 6 million shares, this represents a pretty noteworthy trading in volume size in recent session.

Eldorado Gold Corp (NYSE:EGO)'s trailing twelve month revenues are $425.6 Million, whereas its price to sales ratio for the same period is 3.76.

Based on data provided from analysts polled by Thomson Reuters, Eldorado Gold Corporation has a current consensus target price of 3.49. Finally, Canaccord Genuity cut shares of Eldorado Gold Corporation from a buy rating to a hold rating in a research report on Friday, July 28th. Goldman Sachs has "Buy" rating and $5 target. The company now has a consensus rating of Hold and an average target price of $4.27.

Wall Street analysts are predicting that Eldorado Gold Corp (NYSE:EGO) will report earnings per share of $0.01 in their quarterly report. The firm's 50-day moving average is $2.53 and its 200-day moving average is $3.74. The stock's market capitalization is 1.38B. Looking at a shorter time period, shares have been seen -13.47% away from the 50 day high and 45.59% off the 50 day low price. Analysts are turning out to be more optimistic than before, with 7 of analysts who cover Eldorado Gold Corporation (NYSE:EGO) advice adding it to buy candidate list. Share performance for the month is now at 15.66%. A total number of 4 analysts provided estimations over revenues. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada. The firm's revenue was down 22.8% compared to the same quarter a year ago.

While considering growth estimates of the company, it has next quarter growth estimates of 100% whereas during current quarter it has -80% estimations over growth, comparing to the estimations of -42.9% during current year and 250% for next year. Eldorado Gold Corporation has an average rating of Hold and an average price target of $4.27.

ILLEGAL ACTIVITY WARNING: This report was first reported by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another site, it was stolen and reposted in violation of United States and global copyright and trademark legislation. Hexavest Inc. lifted its stake in shares of Eldorado Gold Corporation by 121.5% in the 2nd quarter.

Hedge funds and other institutional investors have recently modified their holdings of the stock.

On the other hand Eldorado Gold Corp (NYSE:EGO) has Relative Strength Index (RSI 14) of 44.25 along with Average True Range (ATR 14) of 0.09. Aperio Group LLC boosted its position in Eldorado Gold Corporation by 28.6% in the second quarter. Van ECK Associates Corp now owns 71,727,789 shares of the basic materials company's stock worth $189,361,000 after acquiring an additional 18,636,491 shares during the period. Finally, Essex Investment Management Co. Essex Investment Management Co. The shares price has positioned -29.04% down over the past quarter while it has directed -35.23% toward a falling position throughout past six months. Knowing how to interpret the information is another skill investors may need to master before becoming fully immersed in the stock market.

03/30/2016 - Eldorado Gold Corporation had its "overweight" rating reiterated by analysts at JP Morgan. The Company's geographical segments include Turkey, Brazil, Greece, Romania and Other.

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

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