The stock of Eldorado Gold Corporation (NYSE:EGO) is a huge mover today! The stock decreased 3.06% or $0.25 during the last trading session, reaching $7.92. About 1.74 million shares traded. Eldorado Gold Corporation (NYSE:EGO) has risen 43.93% since December 4, 2018 and is uptrending. It has outperformed by 43.93% the S&P500.
The move comes after 8 months negative chart setup for the $1.26 billion company. It was reported on Dec, 4 by Barchart.com. We have $7.68 PT which if reached, will make NYSE:EGO worth $37.83M less.
Analysts await Eldorado Gold Corporation (NYSE:EGO) to report earnings on February, 20. They expect $0.06 earnings per share, up 220.00 % or $0.11 from last year’s $-0.05 per share. EGO’s profit will be $9.55M for 33.00 P/E if the $0.06 EPS becomes a reality. After $0.05 actual earnings per share reported by Eldorado Gold Corporation for the previous quarter, Wall Street now forecasts 20.00 % EPS growth.
Eldorado Gold Corporation (NYSE:EGO) Ratings Coverage
Among 2 analysts covering Eldorado Gold (NYSE:EGO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Eldorado Gold has $16 highest and $9.75 lowest target. $12.88’s average target is 62.63% above currents $7.92 stock price. Eldorado Gold had 8 analyst reports since June 6, 2019 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, October 17. The firm earned “Hold” rating on Friday, November 1 by IBC.
More notable recent Eldorado Gold Corporation (NYSE:EGO) news were published by: Globenewswire.com which released: “Eldorado Gold Releases Updated Reserve and Resource Statement – GlobeNewswire” on November 15, 2019, also Seekingalpha.com with their article: “Eldorado Gold says full-year production guidance unchanged – Seeking Alpha” published on October 16, 2019, Seekingalpha.com published: “Eldorado Gold: Lack Of Trust Is The Main Problem – Seeking Alpha” on May 06, 2019. More interesting news about Eldorado Gold Corporation (NYSE:EGO) were released by: Finance.Yahoo.com and their article: “What Makes Eldorado Gold (EGO) a Strong Momentum Stock: Buy Now? – Yahoo Finance” published on July 29, 2019 as well as Seekingalpha.com‘s news article titled: “Eldorado Gold Made It To My $10 Target – Seeking Alpha” with publication date: September 09, 2019.
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company has market cap of $1.26 billion. The firm also explores for iron, silver, lead, and zinc. It currently has negative earnings. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.
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