The Eldorado Gold Corporation (EGO) Downgraded by ValuEngine to Sell

Author

07 September, 2017

EGO has a 1-year high price of $ 4.34 and 1-year low price of $1.77.

Dimensional Fund Advisors LP lowered its position in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 12.1% in the first quarter, according to the company in its most recent disclosure with the SEC.

Now the shares of Eldorado Gold Corporation (EGO) has a trading volume of 2.88 Million shares, with an average trading volume of 4540 shares - with shares dropping to a 52 week low of $1.77, and the company's shares hitting a 52 week high of $ 4.34. Karp Capital Management Corp bought a new position in Eldorado Gold Corporation during the first quarter worth $116,000. The company has a consensus rating of "Hold" and an average price target of $4.63. The basic materials company reported $0.01 EPS for the quarter.

Shares of Eldorado Gold Corporation (NYSE:EGO) traded up 0.97% on Friday, reaching $2.08.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) had its price target trimmed by Royal Bank Of Canada from $3.50 to $3.00 in a report issued on Tuesday, August 29th, MarketBeat reports. On average, equities analysts anticipate that Eldorado Gold Corporation will post $0.04 EPS for the current year. Hexavest Inc. now owns 15,523,735 shares of the basic materials company's stock valued at $41,023,000 after acquiring an additional 8,515,065 shares in the last quarter. Public Sector Pension investment Board now owns 3,972,278 shares of the basic materials company's stock valued at $10,522,000 after acquiring an additional 2,821,900 shares in the last quarter. The firm's 50-day moving average price is $2.08 and its 200 day moving average price is $2.88. If you are accessing this report on another site, it was illegally stolen and reposted in violation of global trademark & copyright law. For the current year the company's revenue estimates are $430.63 Million compared to low analyst estimates of $374.85 Million and high estimates of $478 Million according to the prediction of 12 analysts. During the same period in the prior year, the firm posted ($0.01) EPS.

The company reported an impressive total revenue of 432.73 Million in the last fiscal year.

Eldorado Gold Corporation (EGO) belongs to the "Basic Materials" sector with an industry focus on "Gold", with Ms. Fabiana E. Chubbs as Chief Financial Officer. Creative Planning now owns 373,893 shares of the basic materials company's stock valued at $987,000 after buying an additional 300,752 shares during the last quarter. The company's market cap is $1.59 Billion. ValuEngine lowered shares of Eldorado Gold Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/09/06/eldorado-gold-corporation-ego-price-target-cut-to-3-00-by-analysts-at-royal-bank-of-canada.html. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover AMBA having a buy-equivalent rating.

Eldorado Gold Corporation (EGO)'s RSI (Relative strength index) is at 55.57, its ATR (Average True Range) value is 0.09, while its Beta factor was calculated at 1.31. Finally, Balyasny Asset Management LLC raised its stake in Eldorado Gold Corporation by 43.7% during the second quarter. Eldorado Gold Corp (USA) (NYSE:EGO) has declined 23.79% since September 6, 2016 and is downtrending. The Company's divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.


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