Eldorado Gold Corporation (EGO) Shares are Up 14%

Eldorado Gold Corporation (EGO) has been under a strong bear grip, hence the stock is down -1.63% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 13.4% in the past 1 week. The stock has risen by 14% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.62% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 8.38% and the 50-Day Moving Average is 2.83%.The 200 Day SMA reached 9.48% Eldorado Gold Corporation has dropped 4.32% during the last 3-month period . Year-to-Date the stock performance stands at 34.34%.


Eldorado Gold Corporation (EGO) : The consensus price target for Eldorado Gold Corporation (EGO) is $5.06 for the short term with a standard deviation of $1.66. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $7, however, the pessimist price target for the company is $3.

For the current week, the company shares have a recommendation consensus of Buy. Eldorado Gold Corporation (NYSE:EGO): The stock opened at $3.79 and touched an intraday high of $3.99 on Friday. During the day, the stock corrected to an intraday low of $3.78, however, the bulls stepped in and pushed the price higher to close in the green at $3.99 with a gain of 4.45% for the day. The total traded volume for the day was 12,021,293. The stock had closed at $3.99 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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