Eldorado Gold Corp (USA) (EGO) is Downgraded by Credit Suisse to Neutral

Eldorado Gold Corp (USA) (EGO) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Eldorado Gold Corp (USA). Eldorado Gold Corp (USA) was Upgraded by Raymond James to ” Outperform” on Jun 27, 2016. Eldorado Gold Corp (USA) was Upgraded by Dundee to ” Buy” on May 9, 2016.

On the company’s financial health, Eldorado Gold Corp (USA) reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 30, 2015. Analyst had a consensus of $0.01. The company had revenue of $211.50 million for the quarter, compared to analysts expectations of $197.84 million. The company’s revenue was down -19.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Eldorado Gold Corp (USA) closed down -0.37 points or -7.89% at $4.32 with 69,14,076 shares getting traded on Wednesday. Post opening the session at $4.54, the shares hit an intraday low of $4.28 and an intraday high of $4.57 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Eldorado Gold Corp owns and operates mines around the world. The Company’s activities involve various facets of the mining industry including exploration development production and reclamation. Its operating gold mines include Kisladag in Turkey (100%) Efemcukuru in Turkey (100%) Tanjianshan in China (90%) White Mountain in China (95%) and Jinfeng in China (82%). Its gold projects include Perama Hill in Greece (100%) Olympias in Greece (95%) Skouries in Greece (95%) Certej in Romania (81%) Eastern Dragon in China (75%) and Tocantinzinho in Brazil (100%). Its other operating mines include Stratoni Lead and Zinc Concentrates in Greece (95%) and Vila Nova Iron Ore in Brazil (100%). The Company has completed an exploration program in Romania at the Bocsa Magura Muncel Brad and Deva projects which are situated in the Apuseni district near the Certej deposit.

Eldorado Gold Corp (USA)

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