Eldorado Gold Corporation (EGO) : Analyst Rating Update

Eldorado Gold Corporation (EGO) : 8 analysts are covering Eldorado Gold Corporation (EGO) and their average rating on the stock is 2.38, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Eldorado Gold Corporation (EGO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Eldorado Gold Corporation (EGO) : Average target price received by Eldorado Gold Corporation (EGO) is $4.84 with an expected standard deviation of $1.52. The most aggressive target on the stock is $7, whereas the most downbeat target is $3. 9 financial analysts are currently covering the stock.

Eldorado Gold Corporation (NYSE:EGO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.98 and $4.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.04, notching a gain of 3.70% for the day. The total traded volume was 9,083,282 . The stock had closed at $4.86 on the previous day.

Also, Major Brokerage house, Raymond James upgrades its ratings on Eldorado Gold Corporation (NYSE:EGO). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 27, 2016. The company shares have rallied 21.80% from its 1 Year high price. On May 17, 2016, the shares registered one year high at $5.16 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $4.44 and the 200 Day Moving Average price is recorded at $3.53.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.