Stock of The Day: What’s Propelling Eldorado Gold Corp (USA) to Decline So Much?

Stock of The Day: What's Propelling Eldorado Gold Corp (USA) to Decline So Much?

The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! About 1.56 million shares traded hands. Eldorado Gold Corp (USA) (NYSE:EGO) has risen 7.10% since March 11, 2016 and is uptrending. It has outperformed by 1.64% the S&P500.
The move comes after 6 months negative chart setup for the $2.55 billion company. It was reported on Oct, 14 by We have $3.33 PT which if reached, will make NYSE:EGO worth $127.50M 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 $7.26 million for 87.75 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 stock of Eldorado Gold Corp (USA) (NYSE:EGO) has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The stock has “Outperform” rating given by Howard Weil on Wednesday, May 18. Credit Suisse downgraded Eldorado Gold Corp (USA) (NYSE:EGO) on Friday, July 22 to “Neutral” rating. The firm has “Buy” rating given on Wednesday, August 10 by Goldman Sachs. The firm earned “Market Perform” rating on Monday, August 24 by Raymond James. The firm has “Buy” rating given on Wednesday, September 14 by Bank of America. RBC Capital Markets maintained Eldorado Gold Corp (USA) (NYSE:EGO) rating on Tuesday, November 3. RBC Capital Markets has “Outperform” rating and $4.50 price target. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) earned “Buy” rating by Canaccord Genuity on Friday, July 31. The firm earned “Neutral” rating on Thursday, March 24 by Credit Suisse. On Monday, August 24 the stock rating was downgraded by Howard Weil to “Outperform”.

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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