Revenue Update on Eldorado Gold Corp (USA)(NYSE:EGO)

Eldorado Gold Corp (USA)(NYSE:EGO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $162.70M. Analysts estimated a revenue of $192.55M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.01.

In a different note, On Jul 21, 2016, Credit Suisse said it Downgrades its rating on Eldorado Gold Corp (USA). In the research note, the firm Lowers the price-target to $7.00 per share. The shares have been rated ‘Neutral’ by the firm. 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) made into the market gainers list on Thursdays trading session with the shares advancing 1.48% or 0.06 points. Due to strong positive momentum, the stock ended at $4.11, which is also near the day’s high of $4.16. The stock began the session at $4.08 and the volume stood at 55,20,944 shares. The 52-week high of the shares is $5.16 and the 52 week low is $1.87. The company has a current market capitalization of $2,945 M and it has 71,65,87,130 shares in outstanding.

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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