Analyst Rating Update on Eldorado Gold Corporation (EGO)

Eldorado Gold Corporation (EGO) : 9 analysts are covering Eldorado Gold Corporation (EGO) and their average rating on the stock is 2.33, which is read as a Buy. 2 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 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Eldorado Gold Corporation (EGO) : 10 Wall Street analysts covering Eldorado Gold Corporation (EGO) believe that the average level the stock could reach for the short term is $5.05. The maximum price target given is $7 and the minimum target for short term is around $3, hence the standard deviation is calculated at $1.54.

Company shares have received an average consensus rating of Hold for the current week Also, Credit Suisse downgrades its view on Eldorado Gold Corporation (NYSE:EGO) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Credit Suisse lowers the price target from $7 per share to $5.25 per share on Eldorado Gold Corporation. The rating by the firm was issued on July 21, 2016.


Eldorado Gold Corporation (NYSE:EGO): The stock opened at $4.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.15 for the day. The stock traded down to $3.99 during the day, due to lack of any buying support eventually closed down at $4.05 with a loss of -1.94% for the day. The stock had closed at $4.13 on the previous day. The total traded volume was 6,516,158 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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