Brokerage Firm Rating on Eldorado Gold Corporation (EGO)

Eldorado Gold Corporation (EGO) : The consensus on Eldorado Gold Corporation (EGO) based on 8 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Eldorado Gold Corporation (EGO).

Eldorado Gold Corporation (EGO) : 9 investment research analysts covering Eldorado Gold Corporation (EGO) have an average price target of $5.16 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $3 for the short term. Analysts expect the variance to be within $1.59 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Eldorado Gold Corporation (NYSE:EGO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.19 and $4.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.17, notching a gain of 0.24% for the day. The total traded volume was 4,505,123 . The stock had closed at $4.16 on the previous day.

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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