Eldorado Gold Corporation (EGO) Receives ‘Analyst’ Rating

Eldorado Gold Corporation (EGO) : 6 analysts are covering Eldorado Gold Corporation (EGO) and their average rating on the stock is 1.67, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Eldorado Gold Corporation (EGO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Eldorado Gold Corporation (EGO) : Currently there are 8 street experts covering Eldorado Gold Corporation (EGO) stock. The most bullish and bearish price target for the stock is $7 and $3 respectively for the short term. The average price target of all the analysts comes to $5.06. The estimated standard deviation from the target is $1.66.


Also, In a research note released to the investors, Goldman Sachs upgrades its rating on Eldorado Gold Corporation (NYSE:EGO).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Goldman Sachs raises the new price target from $4.4 per share to $5 per share. The rating by the firm was issued on August 10, 2016.

Eldorado Gold Corporation (NYSE:EGO): After opening at $3.8, the stock dipped to an intraday low of $3.63 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.85 and the buying power remained strong till the end. The stock closed at $3.82 for the day, a gain of 2.41% for the day session. The total traded volume was 7,018,991. The stocks close on the previous trading day was $3.73.

Eldorado Gold Corporation owns and operates mines around the world. The Companys 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.

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