Brokerage Firm Rating Update on Eldorado Gold Corporation (EGO)

Eldorado Gold Corporation (EGO) : Zacks Investment Research ranks Eldorado Gold Corporation (EGO) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.17, which indicates as a Buy.

Eldorado Gold Corporation (EGO) stock is expected to deviate a maximum of $1.66 from the average target price of $5.06 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $3.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Goldman Sachs upgrades the rating on Eldorado Gold Corporation (NYSE:EGO). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $4.4 per share to $5 per share. The rating by the firm was issued on August 10, 2016.

Eldorado Gold Corporation (NYSE:EGO): The stock opened at $3.72 and touched an intraday high of $3.81 on Wednesday. During the day, the stock corrected to an intraday low of $3.57, however, the bulls stepped in and pushed the price higher to close in the green at $3.74 with a gain of 1.36% for the day. The total traded volume for the day was 7,810,417. The stock had closed at $3.69 in the previous trading session.

Eldorado Gold Corporation owns and operates mines around the world. The Companys 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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