Company Shares of Eldorado Gold Corporation Drops by -6.5%

Eldorado Gold Corporation (NYSE:EGO) has tumbled 6.5% during the past week and has dropped 7.54% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.38%. Eldorado Gold Corporation (NYSE:EGO) has underperformed the index by 8.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Eldorado Gold Corporation (NYSE:EGO): The stock was completely flat for the day, closing at $4.17 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $4.23, the stock touched an intraday high of $4.27 and a low of $4.02. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $4.17. The total trading volume on Friday was 32,826,526.

The company shares have rallied 0.24% from its 1 Year high price. On May 17, 2016, the shares registered one year high at $5.16 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $4.41 and the 200 Day Moving Average price is recorded at $3.41.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Scotia Howard Weil upgrades its outlook on Eldorado Gold Corporation (NYSE:EGO). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Sector Perform. The rating by the firm was issued on May 18, 2016. Institutional Investors own 54.9% of Eldorado Gold Corporation shares.

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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