Eldorado Gold Corporation (EGO) Receives Coverage Optimism Score of 0.14
News coverage about Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eldorado Gold Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.7407626625094 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Gold Price is Affected by Interest Rates (bizjournals.com)
- Eldorado Gold : shares fall as it cuts production guidance at Kisladag mine in Turkey (4-traders.com)
- BUZZ-Eldorado Gold Corp: Lowers production guidance (ca.reuters.com)
- Credit Suisse Downgrades Eldorado Gold Corp (EGO) to Underperform (streetinsider.com)
- Eldorado Gold Stock Getting Very Oversold (nasdaq.com)
A number of research firms recently issued reports on EGO. Macquarie lowered shares of Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 12th. Credit Suisse Group lowered shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday. Scotiabank lowered shares of 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 note on Monday, July 31st. Canaccord Genuity lowered shares of Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Eldorado Gold Corporation presently has a consensus rating of “Hold” and a consensus price target of $3.90.
Eldorado Gold Corporation (NYSE:EGO) traded down 28.57% during mid-day trading on Monday, reaching $1.55. 37,025,744 shares of the company’s stock traded hands. The firm has a 50 day moving average of $2.21 and a 200 day moving average of $2.66. Eldorado Gold Corporation has a 1-year low of $1.55 and a 1-year high of $3.91. The firm’s market cap is $1.11 billion.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.01 earnings per share for the quarter. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $104.71 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Eldorado Gold Corporation’s revenue was down 22.8% compared to the same quarter last year. Analysts forecast that Eldorado Gold Corporation will post $0.04 EPS for the current year.
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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