The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! About 4.31M shares traded hands. Eldorado Gold Corp (USA) (NYSE:EGO) has declined 28.96% since April 13, 2016 and is downtrending. It has underperformed by 32.89% the S&P500.
The move comes after 5 months positive chart setup for the $1.94B company. It was reported on Nov, 15 by Barchart.com. We have $4.04 PT which if reached, will make NYSE:EGO worth $892.40 million 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. The firm has “Outperform” rating by Credit Suisse given on Monday, September 12. The rating was downgraded by Zacks to “Hold” on Monday, August 31. As per Thursday, August 20, the company rating was initiated by TD Securities. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 19 report. Credit Suisse maintained the shares of EGO in a report on Tuesday, October 6 with “Neutral” rating. The company was downgraded on Monday, August 24 by Canaccord Genuity. The rating was downgraded by Howard Weil on Monday, August 24 to “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, January 27. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) has “Buy” rating given on Wednesday, August 10 by Goldman Sachs. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) earned “Buy” rating by TD Securities on Wednesday, January 13.
According to Zacks Investment Research, “Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey.”
More 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 the news titled: “Analyst Upgrades: Barrick Gold Corporation (USA), Eldorado Gold Corp (USA …” on June 27, 2016. Fool.ca‘s news article titled: “Eldorado Gold Corp.: 1 of the Best Contrarian Plays on Gold” with publication date: October 17, 2016 was also an interesting one.
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