Eldorado Gold Corporation (EGO) Receives Price Target

Eldorado Gold Corporation (EGO) : 8 investment research analysts covering Eldorado Gold Corporation (EGO) have an average price target of $5.06 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 $1.66 of the average price.

Eldorado Gold Corporation (EGO) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 considers that the stock is a Sell.


Also, Goldman Sachs upgrades 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 Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Goldman Sachs raises the price target from $4.4 per share to $5 per share on Eldorado Gold Corporation. The rating by the firm was issued on August 10, 2016.

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 $3.17 and $3.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.28, notching a gain of 1.86% for the day. The total traded volume was 13,003,098 . The stock had closed at $3.22 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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