Dundee Securities reiterated their neutral rating on shares of Eldorado Gold Corp. (NYSE:EGO) in a research report sent to investors on Monday morning. They currently have a $6.00 target price on the stock.

A number of other research firms also recently issued reports on EGO. HSBC reaffirmed a buy rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. Credit Suisse Group AG reaffirmed a buy rating and set a $6.00 price target on shares of Eldorado Gold Corp. in a research note on Sunday, June 5th. Raymond James Financial Inc. raised shares of Eldorado Gold Corp. from a market perform rating to an outperform rating in a research note on Monday, June 27th. Goldman Sachs Group Inc. raised shares of Eldorado Gold Corp. from a neutral rating to a buy rating and increased their target price for the company from $4.40 to $5.00 in a research note on Wednesday, August 10th. Finally, Zacks Investment Research raised shares of Eldorado Gold Corp. from a sell rating to a buy rating and set a $4.25 target price on the stock in a research note on Thursday, September 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $5.23.

Shares of Eldorado Gold Corp. (NYSE:EGO) opened at 3.96 on Monday. The company’s market cap is $2.83 billion. The stock’s 50 day moving average is $3.87 and its 200-day moving average is $4.03. Eldorado Gold Corp. has a 52 week low of $1.87 and a 52 week high of $5.16.

Eldorado Gold Corp. (NYSE:EGO) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The company had revenue of $107 million for the quarter, compared to the consensus estimate of $190.99 million. Eldorado Gold Corp. had a negative net margin of 244.47% and a negative return on equity of 0.36%. Eldorado Gold Corp.’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. On average, equities analysts anticipate that Eldorado Gold Corp. will post $0.07 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of EGO. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Eldorado Gold Corp. by 0.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,060 shares of the company’s stock worth $877,000 after buying an additional 1,224 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Eldorado Gold Corp. by 0.9% in the second quarter. BNP Paribas Arbitrage SA now owns 141,155 shares of the company’s stock worth $635,000 after buying an additional 1,292 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in Eldorado Gold Corp. by 1.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 208,875 shares of the company’s stock worth $940,000 after buying an additional 2,000 shares in the last quarter. World Asset Management Inc boosted its stake in Eldorado Gold Corp. by 7.5% in the second quarter. World Asset Management Inc now owns 44,594 shares of the company’s stock worth $201,000 after buying an additional 3,110 shares in the last quarter. Finally, Creative Planning boosted its stake in Eldorado Gold Corp. by 3.5% in the second quarter. Creative Planning now owns 104,802 shares of the company’s stock worth $472,000 after buying an additional 3,504 shares in the last quarter. Institutional investors own 55.38% of the company’s stock.

About Eldorado Gold Corp.

Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company’s activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania.

5 Day Chart for NYSE:EGO

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