Eldorado Gold Corporation (EGO) Stock Rating Lowered by Macquarie

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday.

EGO has been the topic of a number of other research reports. ValuEngine cut shares of Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Credit Suisse Group cut shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 price objective on the stock. in a research note on Monday, July 31st. TD Securities reaffirmed a “buy” rating on shares of Eldorado Gold Corporation in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Royal Bank Of Canada decreased their target price on Eldorado Gold Corporation from $3.50 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 29th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.63.

Eldorado Gold Corporation (NYSE:EGO) opened at 1.93 on Tuesday. Eldorado Gold Corporation has a one year low of $1.77 and a one year high of $4.34. The firm’s 50-day moving average is $2.03 and its 200 day moving average is $2.84. The stock’s market cap is $1.38 billion.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. The business had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $104.71 million. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The business’s revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. On average, analysts anticipate that Eldorado Gold Corporation will post $0.04 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2017/09/12/eldorado-gold-corporation-ego-stock-rating-lowered-by-macquarie.html.

A number of hedge funds have recently made changes to their positions in EGO. Capstone Asset Management Co. lifted its holdings in Eldorado Gold Corporation by 3.6% in the 1st quarter. Capstone Asset Management Co. now owns 72,551 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 2,530 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Eldorado Gold Corporation by 4.0% in the 1st quarter. Russell Investments Group Ltd. now owns 686,248 shares of the basic materials company’s stock valued at $2,341,000 after purchasing an additional 26,588 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Eldorado Gold Corporation by 100.3% in the 1st quarter. Wells Fargo & Company MN now owns 440,728 shares of the basic materials company’s stock valued at $1,503,000 after purchasing an additional 220,647 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Eldorado Gold Corporation by 2.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,805,480 shares of the basic materials company’s stock valued at $9,596,000 after purchasing an additional 54,966 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Eldorado Gold Corporation by 5.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 278,872 shares of the basic materials company’s stock valued at $951,000 after purchasing an additional 14,474 shares in the last quarter. Institutional investors own 55.08% of the company’s stock.

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.

Analyst Recommendations for Eldorado Gold Corporation (NYSE:EGO)

Receive News & Ratings for Eldorado Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply