Noteworthy Price Action: What’s in Eldorado Gold Corp (USA) After Today’s Big Increase?

Noteworthy Price Action: What's in Eldorado Gold Corp (USA) After Today's Big Increase?

The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! About 2.33 million shares traded hands. Eldorado Gold Corp (USA) (NYSE:EGO) has risen 2.07% since March 9, 2016 and is uptrending. It has underperformed by 5.34% the S&P500.
The move comes after 9 months positive chart setup for the $2.44B company. It was reported on Oct, 12 by We have $5.57 PT which if reached, will make NYSE:EGO worth $1.51B more.

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 $7.09M for 86.00 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. The rating was downgraded by Canaccord Genuity to “Hold” on Monday, August 24. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, January 27. The firm earned “Buy” rating on Friday, July 31 by Canaccord Genuity. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) earned “Buy” rating by Bank of America on Wednesday, September 14. On Tuesday, October 6 the stock rating was maintained by Credit Suisse with “Neutral”. The company was downgraded on Monday, August 24 by Howard Weil. The rating was downgraded by Bank of America on Friday, March 11 to “Underperform”. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) has “Hold” rating given on Monday, August 31 by Zacks. The stock has “Market Perform” rating given by Raymond James on Monday, August 24. The firm earned “Neutral” rating on Thursday, March 24 by Credit Suisse.

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: “Why Eldorado Gold Corp Shares Jumped 22% in September” on October 11, 2016. Also published the news titled: “Eldorado Gold Corp. Stock Plummets as the Company Pulls Out of Greece” on January 12, 2016.‘s news article titled: “Eldorado Gold Corp.: An Attractively Valued Contrarian Bet on Gold” with publication date: September 16, 2016 was also an interesting one.

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