Eldorado Gold Corporation (EGO) Receives Coverage Optimism Rating of 0.13
Headlines about Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eldorado Gold Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.2871986115918 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Cormark Research Analysts Lower Earnings Estimates for Eldorado Gold Corp (ELD) (wisdomsave.com)
- Cormark Research Analysts Lower Earnings Estimates for Eldorado Gold Corp (TSE:ELD) (expressnewsline.com)
- Eldorado Gold Corporation (EGO) Earning Somewhat Positive News Coverage, Analysis Finds (overnewsmagazine.com)
- Eldorado Gold Corporation (NYSE:EGO) Raised to “Sell” at BidaskClub (americanbankingnews.com)
- Eldorado Gold Corporation (NYSE:EGO) Hits New 52-Week Low at $2.33 (badhub.net)
Eldorado Gold Corporation (EGO) traded up 3.63% on Friday, hitting $2.00. The stock had a trading volume of 5,256,661 shares. Eldorado Gold Corporation has a 1-year low of $1.77 and a 1-year high of $4.38. The firm’s 50-day moving average price is $2.36 and its 200-day moving average price is $3.08. The firm’s market cap is $1.43 billion.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.01 earnings per share for the quarter. The company had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. The firm’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) earnings per share. On average, equities research analysts predict that Eldorado Gold Corporation will post $0.04 earnings per share for the current year.
Several brokerages have weighed in on EGO. BidaskClub raised Eldorado Gold Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday. Scotiabank lowered Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and set a $4.00 target price on the stock. in a research report on Monday, July 31st. TD Securities reaffirmed a “buy” rating and issued a $6.50 target price on shares of Eldorado Gold Corporation in a research report on Friday, April 28th. ValuEngine raised Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Credit Suisse Group lowered Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $5.25 to $3.25 in a research report on Thursday, June 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Eldorado Gold Corporation has a consensus rating of “Hold” and a consensus target price of $4.68.
About Eldorado Gold Corporation
Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.
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