Shares of Eldorado Gold Corp. (NYSE:EGO) have been given an average recommendation of “Buy” by the seventeen brokerages that are presently covering the firm. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.33.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Eldorado Gold Corp. from a “sell” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Thursday. Bank of America Corp. raised shares of Eldorado Gold Corp. from an “underperform” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday. Credit Suisse Group AG raised shares of Eldorado Gold Corp. from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $5.00 to $5.50 in a research note on Sunday, September 11th. TD Securities reissued a “buy” rating and issued a $6.00 price objective on shares of Eldorado Gold Corp. in a research note on Friday, September 9th. Finally, Goldman Sachs Group Inc. raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.40 to $5.00 in a research note on Wednesday, August 10th.

Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Eldorado Gold Corp. by 36.6% in the second quarter. FMR LLC now owns 47,085,635 shares of the company’s stock valued at $211,748,000 after buying an additional 12,615,600 shares during the last quarter. Norges Bank acquired a new stake in Eldorado Gold Corp. during the fourth quarter valued at approximately $14,300,000. Sun Valley Gold LLC raised its stake in Eldorado Gold Corp. by 8,174.5% in the first quarter. Sun Valley Gold LLC now owns 3,690,753 shares of the company’s stock valued at $11,578,000 after buying an additional 3,646,149 shares during the last quarter. Renaissance Technologies LLC raised its stake in Eldorado Gold Corp. by 111.7% in the first quarter. Renaissance Technologies LLC now owns 4,941,218 shares of the company’s stock valued at $15,614,000 after buying an additional 2,607,218 shares during the last quarter. Finally, Hexavest Inc. raised its stake in Eldorado Gold Corp. by 23.3% in the second quarter. Hexavest Inc. now owns 13,025,189 shares of the company’s stock valued at $58,272,000 after buying an additional 2,459,039 shares during the last quarter. 55.38% of the stock is currently owned by institutional investors.

Eldorado Gold Corp. (NYSE:EGO) opened at 3.99 on Tuesday. The company’s market capitalization is $2.85 billion. The stock’s 50 day moving average price is $3.90 and its 200 day moving average price is $4.01. Eldorado Gold Corp. has a 12-month low of $1.87 and a 12-month high of $5.16.

Eldorado Gold Corp. (NYSE:EGO) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company earned $107 million during 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 for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. On average, equities analysts anticipate that Eldorado Gold Corp. will post $0.07 EPS for the current fiscal year.

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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