The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! The stock decreased 6.03% or $0.17 on November 23, hitting $2.65. Eldorado Gold Corp (USA) (NYSE:EGO) has declined 30.26% since April 22, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.
The move comes after 7 months negative chart setup for the $1.79 billion company. It was reported on Nov, 24 by Barchart.com. We have $2.44 PT which if reached, will make NYSE:EGO worth $143.20M less.
Analysts await Eldorado Gold Corp (USA) (NYSE:EGO) to report earnings on March, 22. They expect $0.01 EPS, up 133.33% or $0.04 from last year’s $-0.03 per share. EGO’s profit will be $6.75 million for 66.25 P/E if the $0.01 EPS becomes a reality. After $0.05 actual EPS reported by Eldorado Gold Corp (USA) for the previous quarter, Wall Street now forecasts -80.00% negative EPS growth.
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. BMO Capital Markets upgraded Eldorado Gold Corp (USA) (NYSE:EGO) rating on Friday, August 14. BMO Capital Markets has “Market Perform” rating and $7 price target. On Monday, September 12 the stock rating was upgraded by Credit Suisse to “Outperform”. Scotia Capital downgraded Eldorado Gold Corp (USA) (NYSE:EGO) on Tuesday, August 25 to “Outperform” rating. The rating was initiated by TD Securities on Thursday, August 20 with “Hold”. Zacks downgraded Eldorado Gold Corp (USA) (NYSE:EGO) on Monday, August 31 to “Hold” rating. The rating was upgraded by Bank of America to “Buy” on Wednesday, September 14. Canaccord Genuity upgraded the stock to “Buy” rating in Friday, July 31 report. The stock of Eldorado Gold Corp (USA) (NYSE:EGO) earned “Underperform” rating by Bank of America on Friday, March 11. The rating was upgraded by Goldman Sachs on Wednesday, August 10 to “Buy”. The rating was downgraded by Zacks to “Sell” on Monday, September 7.
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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