Credit Suisse Downgrades Eldorado Gold Corp (USA) to Neutral with Price Target $5.25

Brokerage firm Credit Suisse Downgrades its rating on Eldorado Gold Corp (USA)(NYSE:EGO). In a research note issued to the investors, the brokerage major Lowers the price-target to $5.25 per share. The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Credit Suisse was issued on Jul 21, 2016.

In a different note, On Jun 27, 2016, Raymond James said it Upgrades its rating on Eldorado Gold Corp (USA). The shares have been rated ‘Outperform’ by the firm. On May 18, 2016, Scotia Howard Weil said it Upgrades its rating on Eldorado Gold Corp (USA). The shares have been rated ‘Outperform’ by the firm.

Eldorado Gold Corp (USA) (EGO) shares turned negative on Wednesdays trading session with the shares closing down -0.37 points or -7.89% at a volume of 69,14,076. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.57. The peak price level was also seen at $4.57 while the days lowest was $4.28. Finally the shares closed at $4.32. The 52-week high of the shares is $5.16 while the 52-week low is $1.87. According to the latest information available, the market cap of the company is $3,096 M.

Eldorado Gold Corp (USA)(EGO) last announced its earnings results on Mar 23, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $199.28M. Analysts had an estimated revenue of $195.27M. Earnings per share were $-0.03.

Eldorado Gold Corp owns and operates mines around the world. The Company’s activities involve various facets of the mining industry including exploration development production and reclamation. Its operating gold mines include Kisladag in Turkey (100%) Efemcukuru in Turkey (100%) Tanjianshan in China (90%) White Mountain in China (95%) and Jinfeng in China (82%). Its gold projects include Perama Hill in Greece (100%) Olympias in Greece (95%) Skouries in Greece (95%) Certej in Romania (81%) Eastern Dragon in China (75%) and Tocantinzinho in Brazil (100%). Its other operating mines include Stratoni Lead and Zinc Concentrates in Greece (95%) and Vila Nova Iron Ore in Brazil (100%). The Company has completed an exploration program in Romania at the Bocsa Magura Muncel Brad and Deva projects which are situated in the Apuseni district near the Certej deposit.

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