Eldorado Gold Corporation (EGO) Shares are Down -1.19%

Eldorado Gold Corporation (EGO) : During the past 4 weeks, traders have been relatively bearish on Eldorado Gold Corporation (EGO), hence the stock is down -4.53% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.16% relative to the S&P 500. The 4-week change in the price of the stock is -4.17% and the stock has fallen -1.19% in the past 1 week.

Eldorado Gold Corporation has dropped 8.2% during the last 3-month period . Year-to-Date the stock performance stands at 39.39%. The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 5.87%.


Eldorado Gold Corporation (NYSE:EGO): The stock opened at $4.18 on Friday but the bulls could not build on the opening and the stock topped out at $4.24 for the day. The stock traded down to $4.10 during the day, due to lack of any buying support eventually closed down at $4.14 with a loss of -3.04% for the day. The stock had closed at $4.27 on the previous day. The total traded volume was 4,527,550 shares.

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 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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