Economy

What Does The Data Behind Eldorado Gold Corporation (NYSE:EGO) Suggest?

Showing a price of $4.55, Eldorado Gold Corporation (TSE:ELD) traded -1.79% lower on the day. Canaccord Genuity reiterated a "buy" rating and set a $6.00 price target (down previously from $6.25) on shares of Eldorado Gold Corp.in a research report on Saturday, October 29th. Currently, Eldorado Gold Corporation (NYSE:EGO) has an average volume of 7.35 Million.

A total of 16 brokerages have issued a ratings update on Eldorado Gold Corporation.

Eldorado Gold Corporation (NYSE:EGO) reported its EPS in the last quarter as $0/Share lagging the analyst estimate of $0.01/Share by a difference of $-0.01. Past 5 years growth of Eldorado Gold Corp (NYSE:EGO) observed at -38.26%, looking forward for the next 5 years it has a strong prediction of 5% over growth. TD Securities set a $4.00 target price on shares of Eldorado Gold Corporation and gave the stock a "buy" rating in a report on Friday, October 20th.

COPYRIGHT VIOLATION NOTICE: This article was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. Cormark analyst R. Gray forecasts that the basic materials company will earn ($0.01) per share for the quarter. The company had a trading volume of 2,704,078 shares, compared to its average volume of 3,494,898. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & global copyright and trademark law. It has a market cap of $1.01 Billion.

Eldorado Gold Corp. had a negative net margin of 264.05% and a positive return on equity of 0.58%. Its book value per share for the most recent quarter is $4.67 while its price to book ratio for the same period is 0.27, as for as the company's cash per share for the most recent quarter is $0.7, however its price to cash per share ratio for the same period is 1.83.

Shares of Eldorado Gold Corporation (NYSE EGO) traded down $0.07 during mid-day trading on Thursday, hitting $1.21. For the current year the company's revenue estimates are $431.74 Million compared to low analyst estimates of $371.62 Million and high estimates of $501.58 Million according to 13 number of analysts. During the same period in the prior year, the business earned $0.03 EPS.

While considering growth estimates of the company, it has next quarter growth estimates of 400% whereas during current quarter it has 100% estimations over growth, comparing to the estimations of -42.9% during current year and 250% for next year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aperio Group LLC boosted its position in shares of Eldorado Gold Corporation by 28.6% in the second quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Eldorado Gold Corporation in the second quarter worth $104,000. Vanguard Group Inc. now owns 14,256,327 shares of the company's stock valued at $64,153,000 after buying an additional 1,464,808 shares during the period. Intact Investment Management Inc. now owns 5,351,900 shares of the basic materials company's stock valued at $18,196,000 after acquiring an additional 2,441,800 shares in the last quarter. Finally, Essex Investment Management Co. The shares price has positioned -36.00% down over the past quarter while it has directed -65.03% toward a falling position throughout past six months. Essex Investment Management Co.

Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey. The Company's geographical segments include Turkey, Brazil, Greece, Romania and Other. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.



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