14 September, 2017
The share price of Eldorado Gold Corporation (NYSE:EGO) was down -6.31% during the last trading session, with a day high of 1.99. TD Securities now has a buy rating on the basic materials company's stock. Eldorado Gold Corp (EGO) has a 14-day RSI of 40.36, the 7-day is at 36.01, and the 3-day is resting at 17.81.
In the market the company is trading up from yesterday's close of 1.97.
ILLEGAL ACTIVITY WARNING: "Eldorado Gold Corporation (EGO) Downgraded to "Sell" at Zacks Investment Research" was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune.
Analyzing the technical facts of Eldorado Gold Corporation (EGO), its current distance from 20-Day Simple Moving Average is -2.55% and standing -11.52% away from 50-Day Simple Moving Average while traded down -35.26% from 200-Day Simple Moving Average.
10/28/2016 - Eldorado Gold Corporation had its "buy" rating reiterated by analysts at TD Securities. The original version of this report can be accessed at https://weekherald.com/2017/09/13/eldorado-gold-corporation-ego-price-target-cut-to-4-25-by-analysts-at-td-securities.html. Previously Eldorado Gold Corp (NYSE:EGO) reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01 by $0 with surprise factor of 0%. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The current consensus recommendation provided by covering analysts is 2.60. U S Global Investors Inc now owns 300,000 shares with a value of $792,000.
Featured Stock: Eldorado Gold Corp (EGO)
Additionally on 7/31/17 Credit Suisse "Downgrades" Eldorado Gold Corp (NYSE:EGO) to Underperform setting price target at $0 and on 6/29/17 RBC Capital "Downgrades" the stock to Sector Perform at $0. The company posted earnings of $82.70 M for the period end, compared to analysts' anticipations of $104.71 M. Eldorado Gold Corporation had a net profit margin of 1.00% and a ROE of 1.41%. During the same quarter in the prior year, the company posted ($0.01) EPS.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Karp Capital Management Corp bought a new position in shares of Eldorado Gold Corporation in the 1st quarter worth about $116,000. The firm's revenue for the quarter was down 22.8% compared to the same quarter past year. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and global copyright legislation. Bank of New York Mellon Corp now owns 12,609,444 shares of the basic materials company's stock worth $33,290,000 after acquiring an additional 824,770 shares during the period. World Asset Management Inc boosted its position in Eldorado Gold Corporation by 0.5% in the first quarter. LLC increased its stake in shares of Eldorado Gold Corporation by 2.2% in the 2nd quarter. Essex Investment Management Co. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.79%. However the company reported $0.05 earnings per share for the same quarter during previous year.
According to Zacks, "Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey". The Company's geographical divisions include Turkey, Brazil, Greece, Romania and Other.
Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey.