Eldorado Gold Corp (EGO) Short Interest Update

Stock Showing Surging Activity: Eldorado Gold Corporation (EGO)
Revenue Estimates Analysis Of Eldorado Gold Corporation (EGO)
Author

03 June, 2017

Eldorado Gold Corp (USA) (NYSE:EGO)'s shares are now trading -40.55% away from the 52-week high price of $5.13 and +20.08% far from the 52-week low price of $2.54. Over the last week of the month, it was -11.05%, 5.88% over the last quarter, and 12.92% for the past six months. Zacks Investment Research lowered Eldorado Gold Corp from a "hold" rating to a "strong sell" rating in a research note on Friday, February 24th. At the time of writing, the First Call consensus price target for the company is $5.01.

Yet another important factor while evaluating a good buy/sell decision for Eldorado Gold Corporation (EGO) is its Earnings per Share or EPS. Based on an average daily trading volume, of 5,055,162 shares, the short-interest ratio is presently 2.1 days.

Eldorado Gold Corp (NYSE:EGO) last announced its quarterly earnings data on Thursday, April 27th. World Asset Management Inc now owns 44,473 shares of the basic materials company's stock worth $152,000 after buying an additional 227 shares in the last quarter. Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be. EGO generated revenue of $210.62 Million in the same quarter, one year ago. Eldorado Gold Corp earned a media sentiment score of 0.12 on Alpha One's scale. Canaccord Genuity upgraded shares of Eldorado Gold Corp from a "hold" rating to a "buy" rating in a research report on Wednesday, March 29th. The institutional investor owned 2,449,900 shares of the basic materials company's stock after selling 149,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Eldorado Gold Corp by 29.6% in the third quarter. The company has its outstanding shares of 174.00 million.

Eldorado Gold Corporation (EGO) closed its previous trading session at $3.06 with the gain of 0.33%.

While having a peek at profitability ratios Eldorado Gold Corp (NYSE:EGO) has trailing twelve month gross margin at 39.4%, its trailing twelve month operating margin stands at 16.7% whereas its trailing twelve month net profit margin spots at -75.1%.

The SMA20 for the stock is at -5.87 percent, SMA50 stands at 1.8 percent, while SMA200 is -14.41 Percent.

Several analysts have released their opinion on Eldorado Gold Corporation (NYSE:EGO), with 3 analysts believing it is a strong buy. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.01. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 1.59% where SMA50 and SMA200 are -1.53% and -19.55% respectively. Credit Suisse Group AG increased their price objective on shares of Eldorado Gold Corp from $4.75 to $5.20 and gave the stock an "outperform" rating in a research note on Wednesday, March 29th. The firm had revenue of $111.90 million for the quarter, compared to analysts' expectations of $124.83 million. If you are viewing this piece on another website, it was stolen and reposted in violation of United States and worldwide copyright legislation. The current consensus recommendation provided by covering analysts is 2.10. The original version of this article can be viewed at https://www.themarketsdaily.com/2017/05/31/eldorado-gold-corp-ego-releases-quarterly-earnings-results-updated-updated-updated.html. Two Sigma Securities LLC acquired a new position in Eldorado Gold Corp during the third quarter valued at about $122,000. The Company's geographical segments include Turkey, Brazil, Greece, Romania and Other.


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