BMO Capital Markets set a $5.00 price objective on Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) in a research note released on Thursday morning. The firm currently has a hold rating on the stock.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Eldorado Gold Corp. from a hold rating to a buy rating and set a $3.50 price objective on the stock in a research note on Wednesday, August 31st. Goldman Sachs Group Inc. raised Eldorado Gold Corp. from a neutral rating to a buy rating and boosted their price objective for the stock from $4.40 to $5.00 in a research note on Wednesday, August 10th. Dundee Securities reissued a neutral rating and issued a $6.00 price objective on shares of Eldorado Gold Corp. in a research note on Monday, September 19th. TD Securities reissued a buy rating and issued a $6.00 price objective on shares of Eldorado Gold Corp. in a research note on Friday, September 9th. Finally, Bank of America Corp. raised Eldorado Gold Corp. from an underperform rating to a buy rating and set a $5.00 price objective on the stock in a research note on Wednesday, September 14th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Eldorado Gold Corp. currently has a consensus rating of Buy and an average price target of $5.27.

Analyst Recommendations for Eldorado Gold Corp. (NYSE:EGO)

Shares of Eldorado Gold Corp. (NYSE:EGO) opened at 2.71 on Thursday. Eldorado Gold Corp. has a 1-year low of $1.87 and a 1-year high of $5.16. The stock’s 50 day moving average price is $3.20 and its 200 day moving average price is $3.95. The stock’s market cap is $1.94 billion.

Eldorado Gold Corp. (NYSE:EGO) last announced its earnings results on Thursday, October 27th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $156 million for the quarter, compared to the consensus estimate of $199.73 million. Eldorado Gold Corp. had a positive return on equity of 0.58% and a negative net margin of 264.05%. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, equities research analysts anticipate that Eldorado Gold Corp. will post $0.07 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sigma Planning Corp acquired a new position in shares of Eldorado Gold Corp. during the third quarter worth $110,000. Aperio Group LLC increased its position in shares of Eldorado Gold Corp. by 2.4% in the third quarter. Aperio Group LLC now owns 29,042 shares of the company’s stock worth $114,000 after buying an additional 676 shares in the last quarter. Brandes Investment Partners LP acquired a new position in shares of Eldorado Gold Corp. during the third quarter worth $118,000. Two Sigma Securities LLC acquired a new position in shares of Eldorado Gold Corp. during the third quarter worth $122,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Eldorado Gold Corp. by 43.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,811 shares of the company’s stock worth $134,000 after buying an additional 8,960 shares in the last quarter. Institutional investors and hedge funds own 53.08% of the company’s stock.

Eldorado Gold Corp. Company Profile

Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company’s activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania.

5 Day Chart for NYSE:EGO

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