Eldorado Gold Corporation (NYSE:EGO) Downgraded by Macquarie to “Neutral”

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, September 12th, MarketBeat.com reports.

Several other equities analysts have also recently issued reports on EGO. TD Securities restated a “buy” rating on shares of Eldorado Gold Corporation in a research note on Tuesday, May 16th. ValuEngine lowered shares of Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Eldorado Gold Corporation in a research report on Tuesday, June 6th. CIBC lowered shares of Eldorado Gold Corporation from a “sector perform” rating to a “sector underperform” rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group lowered shares of Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $5.25 to $3.25 in a report on Thursday, June 29th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.91.

Eldorado Gold Corporation (EGO) traded down 4.35% during midday trading on Tuesday, hitting $2.20. 7,886,606 shares of the company traded hands. Eldorado Gold Corporation has a 12-month low of $1.77 and a 12-month high of $4.27. The company’s market capitalization is $1.57 billion. The stock’s 50-day moving average price is $2.01 and its 200 day moving average price is $2.80.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $104.71 million. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. Eldorado Gold Corporation’s revenue was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, equities analysts forecast that Eldorado Gold Corporation will post $0.04 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Eldorado Gold Corporation (NYSE:EGO) Downgraded by Macquarie to “Neutral”” was first published by BBNS and is the sole property of of BBNS. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://baseballnewssource.com/markets/eldorado-gold-corporation-ego-downgraded-by-macquarie-to-neutral/1639277.html.

Several hedge funds and other institutional investors have recently bought and sold shares of EGO. Van ECK Associates Corp boosted its position in shares of Eldorado Gold Corporation by 35.1% during the 2nd quarter. Van ECK Associates Corp now owns 71,727,789 shares of the basic materials company’s stock valued at $189,361,000 after acquiring an additional 18,636,491 shares during the last quarter. Hexavest Inc. boosted its position in shares of Eldorado Gold Corporation by 121.5% during the 2nd quarter. 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 during the last quarter. Franklin Resources Inc. boosted its position in shares of Eldorado Gold Corporation by 18.7% during the 2nd quarter. Franklin Resources Inc. now owns 50,841,512 shares of the basic materials company’s stock valued at $134,866,000 after acquiring an additional 8,006,424 shares during the last quarter. Prudential PLC bought a new position in shares of Eldorado Gold Corporation during the 2nd quarter valued at approximately $9,620,000. Finally, Public Sector Pension investment Board lifted its position in Eldorado Gold Corporation by 245.3% in the second quarter. Public Sector Pension investment Board now owns 3,972,278 shares of the basic materials company’s stock worth $10,522,000 after buying an additional 2,821,900 shares during the last quarter. Hedge funds and other institutional investors own 55.07% of the company’s stock.

Eldorado Gold Corporation Company Profile

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

Analyst Recommendations for Eldorado Gold Corporation (NYSE:EGO)

Receive News & Ratings for Eldorado Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1


Leave a Reply

 
© 2006-2017 BBNS.