Today’s Price Action: What’s in Eldorado Gold Corp (USA) After Today’s Significant Increase?

Today's Price Action: What's in Eldorado Gold Corp (USA) After Today's Significant Increase?

The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! About 2.74 million shares traded hands. Eldorado Gold Corp (USA) (NYSE:EGO) has risen 6.84% since April 5, 2016 and is uptrending. It has outperformed by 4.88% the S&P500.
The move comes after 5 months positive chart setup for the $2.19B company. It was reported on Nov, 8 by Barchart.com. We have $4.23 PT which if reached, will make NYSE:EGO worth $744.60M more.

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. JP Morgan maintained it with “Overweight” rating and $6.50 target price in Wednesday, March 30 report. The firm has “Buy” rating by Goldman Sachs given on Wednesday, August 10. The company was maintained on Thursday, March 24 by Credit Suisse. The firm has “Neutral” rating given on Thursday, August 20 by Credit Suisse. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) has “Buy” rating given on Friday, July 31 by Canaccord Genuity. On Monday, September 7 the stock rating was downgraded by Zacks to “Sell”. Bank of America downgraded the stock to “Underperform” rating in Friday, March 11 report. On Thursday, August 20 the stock rating was initiated by TD Securities with “Hold”. The firm has “Outperform” rating given on Tuesday, November 3 by RBC Capital Markets. RBC Capital Markets maintained the shares of EGO in a report on Wednesday, January 27 with “Outperform” rating.

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

More important recent Eldorado Gold Corp (USA) (NYSE:EGO) news were published by: 247Wallst.com which released: “Is Eldorado Gold Now the Perfect Speculative Gold Stock?” on September 14, 2016, also Schaeffersresearch.com published article titled: “Analyst Upgrades: Barrick Gold Corporation (USA), Eldorado Gold Corp (USA …”, Fool.ca published: “Eldorado Gold Corp.: 1 of the Best Contrarian Plays on Gold” on October 17, 2016. More interesting news about Eldorado Gold Corp (USA) (NYSE:EGO) was released by: Fool.com and their article: “Why Eldorado Gold Corp Shares Jumped 22% in September” with publication date: October 11, 2016.

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