Eldorado Gold Corporation (NYSE:EGO) Upgraded to "Hold" at ValuEngine

Paterniano Del Favero
Agosto 3, 2017

Eldorado Gold Corporation (EGO) stock is sinking -4.33% to $1.99. The company holds 848.19 million outstanding shares and 792.23 million shares are floating in market. If you are accessing this piece on another domain, it was stolen and reposted in violation of USA and worldwide copyright and trademark law. TD Asset Management Inc. now owns 6,984,579 shares of the basic materials company's stock valued at $18,501,000 after buying an additional 1,607,825 shares in the last quarter. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/08/02/eldorado-gold-corporation-nyseego-getting-somewhat-favorable-media-coverage-accern-reports-updated-updated-updated.html. ING Groep NV increased its stake in shares of Eldorado Gold Corporation by 1.3% in the first quarter.

ELD has been the topic of several other reports. The stock, after opening at $2.10, closed at $1.99 by scoring -4.33%.

06/29/2017 - Eldorado Gold Corporation was downgraded to "sector perform" by analysts at RBC Capital. EPS breaks down the profitability of the company on a single share basis. Accern also assigned news coverage about the basic materials company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.

Shares of Eldorado Gold Corporation (EGO) opened at 2.08 on Monday. Russell Investments Group Ltd. increased its stake in shares of Eldorado Gold Corporation by 4.0% in the first quarter. ValuEngine raised shares of Eldorado Gold Corporation from a "sell" rating to a "hold" rating in a research report on Saturday, July 8th. Norges Bank purchased a new position in Eldorado Gold Corporation during the fourth quarter worth approximately $23,411,000. The stock was sold at an average price of C$4.30, for a total transaction of C$107,500.00. Eldorado Gold Corporation presently has an average rating of Hold and an average target price of $4.64. Finally, Gulf International Bank UK Ltd raised its position in Eldorado Gold Corporation by 1.3% in the first quarter. The company had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. They now have a Dollars 3.25 price target on the stock.

Institutional investors have recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. now owns 14,574,445 shares of the basic materials company's stock valued at $49,710,000 after buying an additional 728,000 shares during the period. LLC now owns 52,990 shares of the basic materials company's stock valued at $140,000 after buying an additional 1,148 shares in the last quarter. Royal Bank Of Canada reiterated an "outperform" rating and issued a C$5.70 price target on shares of Eldorado Gold Corp in a report on Friday, May 26th. For the next 5 years, Eldorado Gold Corporation is expecting Growth of 5% per annum, whereas in the past 5 years the growth was -36.98% per annum.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Eldorado Gold Corporation (NYSE:EGO). Finally, CIBC downgraded Eldorado Gold Corporation from a "sector perform" rating to a "sector underperform" rating in a research report on Wednesday, June 28th. According to the most recently released broker notes, 0 analysts have a rating of "strong buy" on the stock, 6 analysts "buy", 5 analysts "neutral", 3 analysts "sell" and 0 analysts "strong sell". The Company's geographical divisions include Turkey, Brazil, Greece, Romania and Other. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.

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