Eldorado Gold Corporation (NYSE:EGO) Lowered to "Sector Perform" at Scotiabank

Eldorado Gold Corporation (NYSE EGO) opened at 1.99 on Thursday.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, July 27th.

09/22/2015 - Eldorado Gold Corporation was upgraded to " by analysts at Paradigm Capital.

A number of other analysts also recently commented on EGO.

Taking a broader look at the analyst consensus, according to 10 analysts Eldorado Gold Corp (NYSE:EGO)'s price will reach at $4.17 during 52 weeks. Yearly performance of the stock shows a bullish trend of 8.97% while year-to-date (YTD) performance reflected -50.26% negative outlook. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.01. Cormark also issued estimates for Eldorado Gold Corporation's Q4 2017 earnings at $0.01 EPS and FY2018 earnings at $0.11 EPS. Aperio Group LLC raised its stake in shares of Eldorado Gold Corporation by 28.6% in the second quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company's stock worth $152,000 after buying an additional 227 shares in the last quarter. LLC increased its position in shares of Eldorado Gold Corporation by 2.2% in the second quarter. In analysts note sent to investors and clients on 31 July, Eldorado Gold Corp (NYSE:EGO) shares have had their Hold Rating kept by equity research analysts at RBC Capital.

Antero Midstream GP LP (AMGP) Given a $25.00 Price Target at Scotiabank
Korner, Insider, sold 10,000 with an average share price of $78.67 per share and the total transaction amounting to $786,700.00. For the past 5 years, the company's revenue has grown -8.1%, while the company's earnings per share has grown -2.5%.

The company is so far trading down from yesterday's close of $1.99. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company.

Why Eldorado Gold Corporation (EGO) is considered oversold? The company had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. A total of 9.27 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 9.9 Million shares, while its relative volume stands at 0.94.

While looking at the Stock's Performance, Eldorado Gold Corporation now shows a Weekly Performance of -19.43%, where Monthly Performance is -22.57%, Quarterly performance is -42.82%, 6 Months performance is -43.79% and yearly performance percentage is -51.82%. Over the last five days, shares have faced -19.43% losses and now is down -36.86% since hitting its 200-day moving average of $3.16. Finally, Scotiabank reissued an outperform rating and issued a $5.75 price target on shares of Eldorado Gold Corporation in a report on Friday, April 28th. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and worldwide trademark & copyright laws. World Asset Management Inc raised its position in Eldorado Gold Corporation by 0.5% in the first quarter. The correct version of this article can be accessed at https://transcriptdaily.com/2017/08/03/eldorado-gold-corporation-nyseego-downgraded-by-credit-suisse-group.html. Essex Investment Management Co. Morgan Stanley boosted its stake in Eldorado Gold Corporation by 47.8% in the first quarter. Van ECK Associates Corp now owns 53,091,298 shares of the basic materials company's stock valued at $181,046,000 after buying an additional 7,397,249 shares in the last quarter. Capstone Asset Management Co. now owns 72,551 shares of the basic materials company's stock worth $247,000 after buying an additional 2,530 shares in the last quarter. The Company's geographical divisions include Turkey, Brazil, Greece, Romania and Other.

Want to see what other hedge funds are holding EGO? It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.

To view ValuEngine's full report, visit ValuEngine's official website.

Related News:

  • Sanchez in line for Wembley after return to training

    The Chile worldwide only returned to pre-season on Tuesday after being handed an extended break following the Confederations Cup. However, after the player met with Arsene Wenger this week, it looks like he will be with the club for another season.

    Latest Analysts Reports: Turquoise Hill Resources Ltd (NYSE:TRQ)

    Credit Suisse Group reissued a "neutral" rating on shares of Turquoise Hill Resources in a research note on Tuesday, April 18th. ValuEngine lowered Turquoise Hill Resources from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd.
    $143000 Withdrawn From Ransom Wallets

    $143000 Withdrawn From Ransom Wallets

    Bitcoin currency is now worth around $2,740, resulting in the six-figure payday for the people behind the ransomware attack. With this split, everyone received the same number of coins that they had in bitcoin in the new bitcoin cash currency too.
  • Texas woman hiking with children reported missing in Grand Canyon

    Texas woman hiking with children reported missing in Grand Canyon

    Anyone who may have seen or talked to Beadle this week is urged to contact the National Park Service's tip line at 888-653-0009. Beadle was reported missing on August 1 after she failed to arrive at the Bright Angel Campground, where she had a reservation.

    BBCI: Afghan mosque attack: Father of teen roboticist among victims in Herat

    President Donald Trump's administration. "Fatemah hasn't eaten or spoken since the incident and is in a state of shock". They had twice applied for visas, twice travelled the 500 miles from Herat to Kabul for interviews, twice been refused.
    British actor Robert Hardy dies aged 91

    British actor Robert Hardy dies aged 91

    He played Churchill seven times, including in Winston Churchill: The Wilderness Years , for which he won a Bafta in 1982. He also befriended actor Richard Burton in a college theater club. "And I thought he was presumptuous and tiresome".
  • 'Star Wars: Secrets of the Empire' Experience Coming to Disney Parks

    'Star Wars: Secrets of the Empire' Experience Coming to Disney Parks

    Tickets cost $24-25 per person in Toronto and Utah, and are packaged with Madame Tussauds admission in NY . There isn't a ton of information yet, but it will be unlike anything you've experienced.
    Narcos trailer: Cali Cartel operates much differently than Pablo Escobar

    Narcos trailer: Cali Cartel operates much differently than Pablo Escobar

    Finally, " Narcos " character Chepe Santacruz Londono operates the Satellite empire of the drug network in Columbia. According to Deadline, the focus for season 3 of " Narcos " will be returning to the all-powerful #Cali Cartel .
    Battlefield 1 CTE Hits PlayStation 4 and Xbox One

    Battlefield 1 CTE Hits PlayStation 4 and Xbox One

    Have you already tried out Battlefield 1's Community Test Environment? You will need a Premium Pass to play, however. Battlefield 1 players on PlayStation 4 and Xbox One can now participate in the Community Test Environment.
  • Sri Lanka course-corrects in aim to level series

    Chandimal, named Test captain after the resignation of Angelo Mathews, missed the first match because of pneumonia. It was also revealed that India might postpone their tour to South Africa to January 2018.
    Women's basketball league makes its debut in NBA Live 18

    Women's basketball league makes its debut in NBA Live 18

    Sports Illustrated reports it's the first time WNBA players have been included in the NBA Live franchise. The developers held motion capture sessions with No. 1 draft pick Kelsey Plum of the San Antonio Stars.

    3D Systems Corporation (DDD) Position Boosted by TIAA CREF Investment Management LLC

    Investment Management of Virginia LLC increased its stake in shares of 3D Systems Corporation by 5.5% in the first quarter. However, lower sales in APAC and less revenue from professional printers offset the greater demand in the other sectors.

Most liked

Backstage News On Who Paul Heyman Wants To Be Next WWE Universal Champion, Lesnar's Future
Sports Illustrated is reporting that Paul Heyman is pushing for Brock Lesnar to drop the Universal Title at the biggest party of the summer on August 20.

International Olympic Committee first quarter net profit down 45 percent, GRM halves
An inventory gain would be booked if reverse happens - product prices rise after procurement and before marketing. The gross refining margin shrunk to $4.32/barrel from $9.98/barrel a year ago.

DA welcomes appointment of competent Jarana as SAA CEO - Alf Lees
Finance Minister Malusi Gigaba's spokesperson, Mayihlome Tshwete, said that Cabinet approved Jarana's appointment on Wednesday. Jarana (46) has headed up Vodacom's enterprise division since 2012 and was previously its chief operating officer.

Custom Helmet and Other Items Available to CoD: WWII Beta Participants
However, it's also the month that erstwhile Call of Duty fans can partake of the Call of Duty : WW2 private multiplayer beta. It features a unique helmet, calling card, and emblem to remind everyone around that you were part of the beta testing.

Report finds adults don't always use seat belt in back seat
The next most popular reason was that using a belt isn't a habit or they forget about it or simply never or rarely use it. Meanwhile, the University of Texas study also found an increase in fatal crashes in two states that fully legalized pot.

Marathon Oil reports 2Q loss
It turned negative, as 58 investors sold ORI shares while 112 reduced holdings. 42 funds opened positions while 114 raised stakes. Finally, Pinnacle Bank purchased a new stake in Marathon Petroleum Corporation during the first quarter valued at about $124,000.

Check Out Sonic Mania's Special Stages, Bonus Stages & Time Attack Mode
However, once the spheres have been touched they turn red and touching a red sphere will immediately end the bonus stage . As The Mercury News writes , You have to collect blue balls to boost your speed and rings to extend your time.

Coast Guard searching for French sailor who left Beaufort
The two reportedly went on the Atlantic City beach around 8:15 p.m., but the woman left the area before the man returned ashore. Wednesday, the Coast Guard received word that the sailboat was overdue in NY .

Yum! Brands, Inc. (YUM) Shares Sold by Strs Ohio
Worldwide system sales increased 6% year over year, including a 7% gain for KFC and Taco Bell and a 2% increase for Pizza Hut. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .

Shire PLC (NASDAQ:SHPG) Releases FY17 Earnings Guidance
Laurion Capital Management LP bought a new stake in shares of Shire PLC during the first quarter valued at about $10,611,000. ILLEGAL ACTIVITY WARNING: This news story was originally posted by Week Herald and is the sole property of of Week Herald.

Karp Capital Management Corp Takes Position in Preferred Apartment Communities Inc. (APTS)
Lastly, Park Avenue Securities bought a new stake in Mid-America Apartment Communities during the Q1 assessed at roughly $239,000. The Company is formed to acquire and operate multifamily properties in select targeted markets throughout the United States.

Cops: Houston woman fatally shoots husband after finding him with another woman
Davis was charged with murder after she admitted to her role in Johnson's death. 'You know these things are love things '. Johnson, a father of one, was transferred to the Ben Taub Hospital , where he died from injuries reported cw39.com .

Milkshake Fulfills Dying Wish
Mr Fello told Cleveland's Fox 8 News that he had never dealt with an order like this one in the restaurant's 47-year history. He then contacted the restaurant's general information email address - before the restaurant owner replied.

Samsung Galaxy Note8 official pictures leaked ahead of official launch
According to Vodafone Australia, Samsung Galaxy S8 and S8+ will be receiving an update to Android 7.1.1 Nougat really soon. The Gear VR is one of the better headsets around, packing plenty of Oculus-exclusive goodies - then there's the S8 itself.

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.