Economy

Eldorado Gold Corporation Ordin (NYSE:EGO) Trading Volume Significantly Higher

Analysts have placed a $3.17 price target on Eldorado Gold Corporation, suggesting a 36.64% gain from recent close. Credit Suisse Group lowered shares of Eldorado Gold Corporation from a "neutral" rating to an "underperform" rating and set a $2.40 price target for the company.in a research report on Monday, July 31st.

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 4.45. Analysts reported that the Price Target for Eldorado Gold Corporation might touch $4.53 high while the Average Price Target and Low price Target is $3.1 and $2.05 respectively. Zacks Investment Research raised Eldorado Gold Corporation from a "sell" rating to a "hold" rating in a research note on Thursday, June 29th. Canaccord Genuity downgraded the stock to "Speculative Buy" rating in Thursday, June 15 report. The value of the investment in Eldorado Gold Corporation Ordin increased from $540,000 to $792,000 increasing 46.7% quarter over quarter. The 50 day moving average went up $0.31 or +15.39% and the 200 day average went down by -17.32%.

Eldorado Gold Corporation (EGO) performance during the last one year degraded -39.27 percent, while its year to date (YTD) performance showed a negative trend of -27.95 percent. The firm's market capitalization is $3.39 billion.

Wall Street analysts are predicting that Eldorado Gold Corp (NYSE:EGO) will report earnings per share of $0.01 in their quarterly report.

Short traders are more bearish on shares of the company of late if you take a look at the increase in short interest. Its revenue totaled $109.38 million down -2.23% from the previous quarter.

EPS Estimate for the next year is 0.15. The business's revenue was down 22.8% on a year-over-year basis. Looking at a shorter time period, shares have been seen -11.51% away from the 50 day high and 29.99% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Eldorado Gold Corporation (NYSE:EGO).

Shares of Eldorado Gold Corporation (NYSE EGO) opened at 2.32 on Tuesday. If you are viewing this news story on another website, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright law. The legal version of this piece of content can be accessed at https://www.truebluetribune.com/2017/09/19/eldorado-gold-corporation-ego-cut-to-sell-at-valuengine.html.

A number of other institutional investors have also added to or reduced their stakes in EGO. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada. ING Groep NV increased its position in Eldorado Gold Corporation by 1.3% during the first quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Eldorado Gold Corporation by 2.0% during the first quarter. As of the end of the quarter Vanguard Group Inc had disposed of 116,146 shares trimming its holdings by 57.3%. For the quarter, shares have been noted at -15.64%. Commerzbank Aktiengesellschaft FI now owns 1,848,322 shares of the basic materials company's stock worth $4,880,000 after purchasing an additional 253,684 shares in the last quarter. Institutional investors and hedge funds own 55.07% of the company's stock.

The Company's activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. The Company's geographical divisions include Turkey, Brazil, Greece, Romania and Other.



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