Todays Report: Today, BMO Capital Markets Reiterates $5.00 Price Target for Eldorado Gold Corp. (EGO)

Today, BMO Capital Markets Reiterates $5.00 Price Target for Eldorado Gold Corp. (EGO)

Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) received a $5.00 price target from BMO Capital Markets in a report issued on Thursday. The firm currently has a “hold” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 87.97% from the company’s previous close.

EGO has been the subject of a number of other research reports. Credit Suisse Group AG upgraded shares of Eldorado Gold Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $5.00 to $5.50 in a research note on Sunday, September 11th. Zacks Investment Research cut shares of Eldorado Gold Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. RBC Capital Markets restated an “outperform” rating and set a $7.50 target price (down previously from $9.00) on shares of Eldorado Gold Corp. in a research note on Monday, September 26th. TD Securities restated a “buy” rating and set a $6.00 target price on shares of Eldorado Gold Corp. in a research note on Saturday, October 29th. Finally, Canaccord Genuity restated a “buy” rating and set a $6.00 target price (down previously from $6.25) on shares of Eldorado Gold Corp. in a research note on Saturday, October 29th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $5.27.

Shares of Eldorado Gold Corp. (NYSE:EGO) traded up 0.38% during mid-day trading on Thursday, reaching $2.66. 4,178,218 shares of the company’s stock traded hands. Eldorado Gold Corp. has a 12 month low of $1.87 and a 12 month high of $5.16. The firm has a 50 day moving average price of $3.22 and a 200-day moving average price of $3.98. The stock’s market cap is $1.90 billion.

Eldorado Gold Corp. (NYSE:EGO) last posted its earnings results on Thursday, October 27th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company earned $156 million during the quarter, compared to analysts’ expectations of $199.73 million. Eldorado Gold Corp. had a negative net margin of 264.05% and a positive return on equity of 0.58%. Eldorado Gold Corp.’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. On average, analysts predict that Eldorado Gold Corp. will post $0.07 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the company. 1832 Asset Management L.P. raised its position in Eldorado Gold Corp. by 3,830.1% in the third quarter. 1832 Asset Management L.P. now owns 326,200 shares of the company’s stock valued at $1,283,000 after buying an additional 317,900 shares in the last quarter. Gotham Asset Management LLC purchased a new position in Eldorado Gold Corp. during the third quarter valued at approximately $3,643,000. OLD Mission Capital LLC purchased a new position in Eldorado Gold Corp. during the third quarter valued at approximately $1,250,000. The Manufacturers Life Insurance Company purchased a new position in Eldorado Gold Corp. during the third quarter valued at approximately $20,175,000. Finally, CSS LLC IL purchased a new position in Eldorado Gold Corp. during the third quarter valued at approximately $135,000. Institutional investors and hedge funds own 54.13% of the company’s stock.

Eldorado Gold Corp. Company Profile

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