Short Term Price Target on Eldorado Gold Corporation (EGO)

Eldorado Gold Corporation (NYSE:EGO) : Average target price received by Eldorado Gold Corporation (NYSE:EGO) is $4.84 with an expected standard deviation of $1.52. The most aggressive target on the stock is $7, whereas the most downbeat target is $3. 9 financial analysts are currently covering the stock.

Shares of Eldorado Gold Corporation rose by 7.14% in the last five trading days and 5.63% for the last 4 weeks. Eldorado Gold Corporation is up 43.77% in the last 3-month period. Year-to-Date the stock performance stands at 51.52%. Also, Brokerage firm Scotia Howard Weil upgrades its rating on Eldorado Gold Corporation (NYSE:EGO). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by the firm was issued on May 18, 2016.

Eldorado Gold Corporation (NYSE:EGO) : 2 brokerage houses believe that Eldorado Gold Corporation (NYSE:EGO) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Eldorado Gold Corporation (NYSE:EGO). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.38.

Eldorado Gold Corporation (NYSE:EGO): The stock was completely flat for the day, closing at $4.50 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $4.55, the stock touched an intraday high of $4.55 and a low of $4.38. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $4.50. The total trading volume on Thursday was 4,880,743.

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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