Noteworthy Price Action: Eldorado Gold Corp (USA) on Focus After Crashing In Today’s Session

Noteworthy Price Action: Eldorado Gold Corp (USA) on Focus After Crashing In Today's Session

The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! About 7.05M shares traded hands or 10.50% up from the average. Eldorado Gold Corp (USA) (NYSE:EGO) has declined 19.61% since April 14, 2016 and is downtrending. It has underperformed by 24.29% the S&P500.
The move comes after 5 months negative chart setup for the $2.21 billion company. It was reported on Nov, 16 by Barchart.com. We have $2.67 PT which if reached, will make NYSE:EGO worth $110.50 million less.

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. On Wednesday, August 10 the stock rating was upgraded by Goldman Sachs to “Buy”. The rating was downgraded by Zacks on Monday, September 7 to “Sell”. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, January 27. The firm has “Mkt Perform” rating given on Friday, August 21 by Raymond James. The firm has “Outperform” rating by Raymond James given on Monday, June 27. Zacks downgraded the stock to “Hold” rating in Monday, August 31 report. The rating was maintained by RBC Capital Markets on Tuesday, November 3 with “Outperform”. On Tuesday, January 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Outperform” rating given on Monday, September 12 by Credit Suisse. The firm has “Neutral” rating given on Thursday, August 20 by Credit Suisse.

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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