Worth Watching: Does Eldorado Gold Corp (USA) Have Any Gas After Today’s Big Increase?

Worth Watching: Does Eldorado Gold Corp (USA) Have Any Gas After Today's Big Increase?

The stock of Eldorado Gold Corp (USA) (NYSE:EGO) is a huge mover today! About 2.23 million shares traded hands. 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 5 months positive chart setup for the $1.78 billion company. It was reported on Nov, 25 by Barchart.com. We have $2.75 PT which if reached, will make NYSE:EGO worth $53.40 million more.

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 $6.67M for 66.75 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. The company was downgraded on Friday, July 22 by Credit Suisse. The rating was upgraded by Bank of America to “Buy” on Wednesday, September 14. The rating was initiated by TD Securities on Thursday, August 20 with “Hold”. TD Securities upgraded Eldorado Gold Corp (USA) (NYSE:EGO) on Wednesday, January 13 to “Buy” rating. The rating was downgraded by Canaccord Genuity on Monday, August 24 to “Hold”. On Wednesday, March 30 the stock rating was maintained by JP Morgan with “Overweight”. The rating was upgraded by Howard Weil to “Outperform” on Wednesday, May 18. The rating was downgraded by Raymond James on Monday, August 24 to “Market Perform”. As per Monday, September 12, the company rating was upgraded by Credit Suisse. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, January 27 report.

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 Fool.ca published the news titled: “Eldorado Gold Corp.: 1 of the Best Contrarian Plays on Gold” on October 17, 2016. Schaeffersresearch.com‘s news article titled: “Analyst Upgrades: Barrick Gold Corporation (USA), Eldorado Gold Corp (USA …” with publication date: June 27, 2016 was also an interesting one.

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