Stock Mover of The Day: Is Buying Eldorado Gold Corp (USA) Here a Winning Strategy?

Stock Mover of The Day: Is Buying Eldorado Gold Corp (USA) Here a Winning Strategy?

The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! About 3.45 million shares traded hands. Eldorado Gold Corp (USA) (NYSE:EGO) has risen 1.40% since March 16, 2016 and is uptrending. It has underperformed by 4.14% the S&P500.
The move comes after 7 months positive chart setup for the $2.73B company. It was reported on Oct, 19 by We have $5.95 PT which if reached, will make NYSE:EGO worth $1.64 billion 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 $7.34M for 93.00 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 firm has “Market Perform” rating given on Monday, August 24 by Raymond James. Bank of America downgraded the stock to “Underperform” rating in Friday, March 11 report. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, July 31. The rating was upgraded by Howard Weil on Wednesday, May 18 to “Outperform”. Credit Suisse upgraded Eldorado Gold Corp (USA) (NYSE:EGO) on Monday, September 12 to “Outperform” rating. The firm has “Buy” rating given on Wednesday, August 10 by Goldman Sachs. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) has “Market Perform” rating given on Friday, August 14 by BMO Capital Markets. The stock has “Hold” rating given by Zacks on Monday, August 31. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) has “Hold” rating given on Monday, September 21 by Zacks. As per Wednesday, January 13, the company rating was upgraded by TD Securities.

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

More notable recent Eldorado Gold Corp (USA) (NYSE:EGO) news were published by: which released: “Eldorado Gold Corp.: 1 of the Best Contrarian Plays on Gold” on October 17, 2016, also with their article: “Why Eldorado Gold Corp Shares Jumped 22% in September” published on October 11, 2016, published: “Is Eldorado Gold Now the Perfect Speculative Gold Stock?” on September 14, 2016. More interesting news about Eldorado Gold Corp (USA) (NYSE:EGO) were released by: and their article: “Analyst Downgrades: Twitter Inc, Eldorado Gold Corp (USA), and Alcoa Inc” published on January 12, 2016 as well as‘s news article titled: “Analyst Upgrades: Barrick Gold Corporation (USA), Eldorado Gold Corp (USA …” with publication date: June 27, 2016.

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