Eldorado Gold to buy Integra, gain Quebec gold project in friendly takeover

Advancing underground at Integra Gold`s Lamaque Project near Val d’Or northern Quebec. Source Integra Gold Corp

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2 out of the scale from 1 to 5, where 1 stands for Strong Buy and 5 means Strong Sell. We have $3.07 PT which if reached, will make NYSE:EGO worth $164.50 million less. In general, companies with the lowest combined rank may be the higher quality picks. Eldorado Gold will issue a maximum of 77 million shares and CA$129 million in cash to close the transaction.

The stock added in the prior trading session by 1.94%, closing at the stock price of $3.67. About 759,943 shares traded. Moleculin Biotech Inc (NASDAQ:MBRX) has declined 85.87% since October 5, 2016 and is downtrending. It has underperformed by 6.90% the S&P500. Princeton Alpha Mngmt LP holds 33,541 shares or 0.36% of its portfolio. Janus Capital Ltd holds 3.26M shares.

As well, shares of Nuvo Pharmaceuticals Inc. Parkside Bancshares And accumulated 0.02% or 675 shares. The average return on assets for companies in the same sector is 8.34. The firm has "Hold" rating by Evercore given on Monday, May 23. Canaccord Genuity has "Buy" rating and $4.75 target. The firm earned "Buy" rating on Wednesday, January 13 by TD Securities. RBC Capital Markets maintained it with "Outperform" rating and $3.5 target in Tuesday, January 19 report. As of April 13th, there was short interest totalling 10,599,767 shares, a drop of 17.3% from the March 31st total of 12,817,596 shares.

Under the terms of the deal, Integra Gold shareholders will receive a combination of Eldorado shares and cash. Statoil Asa (NYSE:STO) was reduced too.

Shares of Eldorado Gold Corp (NYSE:EGO) traded up 0.409% on Friday, hitting $3.685. Therefore 86% are positive. Eldorado Gold Corp New now has $2.66 billion valuation.

03/30/2016 - Eldorado Gold Corporation had its "overweight" rating reiterated by analysts at JP Morgan. (TSX: NRI) slipped 7% to $4.08 as the healthcare company said topline results from its multi-centre, randomized, placebo-controlled, double-blind, parallel group trial in patients, with grade I or II ankle sprains failed to meet its primary endpoint.

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The share price of the company (NYSE:EGO) was up +1.94%, with a high of 3.69 during the day and the volume of Eldorado Gold Corporation shares traded was 6257527. BMO Capital Markets upgraded the shares of BG in report on Tuesday, September 29 to "Outperform" rating.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Eldorado Gold wasn't one of them!

Eldorado Gold Corporation had its " rating reiterated by analysts at Credit Suisse.

09/19/2016 - Eldorado Gold Corporation had its "neutral" rating reiterated by analysts at Dundee Securities. The company's revenue for the quarter was up 18.2% on a year-over-year basis. EGO's profit will be $14.54 million for 45.75 P/E if the $0.02 EPS becomes a reality. Cormark also issued estimates for Eldorado Gold Corp's Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.01 EPS, FY2017 earnings at $0.01 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.14 EPS.

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