Eldorado Gold Corp (USA) (NYSE:EGO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 26, 2016
Yesterday Eldorado Gold Corp (USA) (NYSE:EGO) traded -2.42% lower at $4.10. The company’s 50-day moving average is $3.87 and its 200-day moving average is $4.05. The last closing price is up -0.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,024,619 shares of the stock were exchanged, down from an average trading volume of 6,502,890
Zacks Investment Research has downgraded Eldorado Gold Corp (USA) (NYSE:EGO) to Hold in a report released on Monday September 26, 2016.
Previously on 9/15/2016, Zacks Investment Research reported on Eldorado Gold Corp (USA) (NYSE:EGO) raised the target price from $0.00 to $4.25. At the time, this indicated a possible upside of 0.14%.
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Eldorado Gold Corp (USA) has a with a one year low of $1.87 and a one year high of $5.16 EGO’s total market value is presently $0.
In addition to Zacks Investment Research reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $5.35 with one analyst rating the company a strong buy, six analysts rating the company a buy, eight analysts rating the company a hold, one broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Eldorado Gold Corp (USA) (NYSE:EGO)
Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company's activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania. Its operating gold mines include Kisladag, in Turkey; Efemcukuru, in Turkey; Jinfeng, in China; White Mountain, in China, and Tanjianshan, in China. Its other operating mines and development projects include Stratoni, in Greece (Silver-Lead-Zinc mine); Skouries, in Greece; Perama Hill, in Greece; Olympias, in Greece; Eastern Dragon, in China; Certej, in Romania; Tocantinzinho, in Brazil; Sapes, in Greece, and Vila Nova, in Brazil. The Company's exploration programs include mine site drilling, advanced stage projects and grassroots programs.
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