Market Runner: A Reversal for Eldorado Gold Corp (USA) Is Not Near. The Stock Declines Again

Market Runner: A Reversal for Eldorado Gold Corp (USA) Is Not Near. The Stock Declines Again

The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! The stock decreased 2.24% or $0.09 during the last trading session, hitting $3.93. About 3.69M shares traded hands. Eldorado Gold Corp (USA) (NYSE:EGO) has risen 31.00% since February 29, 2016 and is uptrending. It has outperformed by 20.58% the S&P500.
The move comes after 8 months negative chart setup for the $2.80B company. It was reported on Oct, 1 by We have $3.62 PT which if reached, will make NYSE:EGO worth $224.00 million less.

Analysts await Eldorado Gold Corp (USA) (NYSE:EGO) to report earnings on November, 4. They expect $0.01 earnings per share, up 200.00% or $0.02 from last year’s $-0.01 per share. EGO’s profit will be $7.12M for 98.25 P/E if the $0.01 EPS becomes a reality. After $0.01 actual earnings per share reported by Eldorado Gold Corp (USA) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Eldorado Gold Corp (USA) (NYSE:EGO) Ratings Coverage

Out of 13 analysts covering Eldorado Gold Corporation (NYSE:EGO), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. Eldorado Gold Corporation has been the topic of 36 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the shares of EGO in a report on Friday, July 22 to “Neutral” rating. The rating was maintained by JP Morgan on Wednesday, March 30 with “Overweight”. The rating was upgraded by Canaccord Genuity on Friday, July 31 to “Buy”. The rating was maintained by RBC Capital Markets on Tuesday, November 3 with “Outperform”. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) has “Neutral” rating given on Thursday, August 20 by Credit Suisse. The rating was downgraded by Howard Weil to “Outperform” on Monday, August 24. Credit Suisse maintained the stock with “Neutral” rating in Tuesday, October 6 report. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) earned “Hold” rating by Zacks on Monday, September 21. The firm earned “Buy” rating on Wednesday, September 14 by Bank of America. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 10.

According to Zacks Investment Research, “Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey.”

More recent Eldorado Gold Corp (USA) (NYSE:EGO) news were published by: which released: “Eldorado Gold Corp. Stock Plummets as the Company Pulls Out of Greece” on January 12, 2016. Also published the news titled: “Analyst Upgrades: Barrick Gold Corporation (USA), Eldorado Gold Corp (USA …” on June 27, 2016.‘s news article titled: “Top Analyst Upgrades and Downgrades: Eldorado Gold, SLM, SunPower, Disney …” with publication date: August 10, 2016 was also an interesting one.

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