Short Interest in Eldorado Gold Corporation (EGO) Increases By 41

Eldorado Gold Corporation

Eldorado Gold Corporation

Finally, Credit Suisse Group AG raised their price objective on shares of Eldorado Gold Corp from $4.75 to $5.20 and gave the company an outperform rating in a research report on Wednesday, March 29th. For the current year the company's revenue estimates are $401.86 Million compared to low analyst estimates of $345.72 Million and high estimates of $462 Million according to 14 number of analysts.

Investors are looking attentively on movement of stock as RSI reading reached at 34.72 because on this mostly stock considered as overbought or oversold. The company reported revenue of $172.36 Million in the same period previous year. Eight Capital restated a neutral rating on shares of Eldorado Gold Corp in a research note on Thursday. The stock exchanged hands 9.83 Million shares versus average trading capacity of 7.4 Million shares, yielding a market cap of $940 Million. However the company reported $0.01 earnings per share for the same quarter during a year ago. The company presently has an average rating of Hold and a consensus target price of C$3.42.

Eldorado Gold Corp (NYSE:EGO)'s trailing twelve month revenues are $404.7 Million, whereas its price to sales ratio for the same period is 2.32.

The company now has an insider ownership of 0.8 Percent and Institutional ownership of 75.8 Percent. According to today's trading volume Eldorado Gold Corporation is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Eldorado Gold Corporation (NYSE:EGO) touched its 1-Year High price of $3.91 on 02/08/17 and its 1-Year Low price of $1.13 on 11/15/17. LLC boosted its stake in shares of Eldorado Gold Corporation by 2.2% in the second quarter.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of worldwide copyright & trademark laws. The original version of this news story can be read at https://stocknewstimes.com/2017/11/20/haywood-securities-weighs-in-on-eldorado-gold-corporations-fy2018-earnings-ego.html. Aperio Group LLC increased its stake in Eldorado Gold Corporation by 28.6% during the 2nd quarter. Aperio Group LLC now owns 29,042 shares of the basic materials company's stock valued at $114,000 after buying an additional 676 shares during the last quarter. Essex Investment Management Co. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company's stock valued at $120,000 after purchasing an additional 13,889 shares in the last quarter. ING Groep NV now owns 52,917 shares of the basic materials company's stock valued at $180,000 after buying an additional 701 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in Eldorado Gold Corporation by 608.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 201,879 shares of the basic materials company's stock valued at $689,000 after buying an additional 2,600 shares during the last quarter.

On the other hand the company has Relative Strength Index (RSI 14) of 34.72 along with Average True Range (ATR 14) of 0.09, Consequently Eldorado Gold Corp (NYSE:EGO)'s weekly and monthly volatility is 5.26%, 7.17% respectively. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey.