Eldorado Gold Corporation (EGO) Given New $3.00 Price Target at Scotiabank

Eldorado Gold Corporation

Eldorado Gold Corporation (EGO) Given New $3.00 Price Target at Scotiabank

A number of other analysts have also commented on the company. Finally, Credit Suisse Group lowered Eldorado Gold Corporation from an outperform rating to a neutral rating and dropped their target price for the company from $5.25 to $3.25 in a report on Thursday, June 29th.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) previously disclosed its periodic earnings reports on early Wed, Jul 26th. Mackie upgraded shares of Barrick Gold Corporation from a "sell" rating to a "hold" rating in a research note on Monday, October 31st. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover ABX having a buy-equivalent rating. The mean target price stands at $3.49.

Barrick Gold Corp (ABX)'s Williams Percent Range or 14 day Williams %R is now sitting at -85.21. It is quantified by short-term traders as the average difference between a stock's daily high and daily low, then divided by the stock price. EGO's total market worth is $1.60B.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings results on Wednesday, July 26th. The current consensus recommendation provided by covering analysts is 2.60. The return on equity (ROE), also known as return on investment (ROI), is the best measure of the return, since it is the product of the operating performance, asset turnover, and debt-equity management of the firm. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion.

Watching the signals on shares of Barrick Gold Corp (ABX), we note that the PPO is now below the signal line. The company's quarterly revenue was down 22.8% on a year-over-year basis.

Eldorado Gold Corporation's stock is now trading at a distance of -0.35% from 20 days simple moving average, while its distance from 50 days simple moving average is -9.14%.

COPYRIGHT VIOLATION NOTICE: "Barrick Gold Corporation (NYSE:ABX) Receives "Buy" Rating from Citigroup Inc." was originally published by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of USA & worldwide copyright & trademark legislation. The original version of this piece can be read at https://stocknewstimes.com/2017/09/13/eldorado-gold-corporation-ego-given-new-3-00-price-target-at-scotiabank.html. It shows the percentage of sales that remain after all of the company's expenses have been paid. The stock now has Monthly Volatility of 3.83% and Weekly Volatility of 3.48%. The Illinois-based Banc Funds Co Llc has invested 0.28% in the stock. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. For the quarter, shares have been noted at -29.04%. World Asset Management Inc grew its holdings in Eldorado Gold Corporation by 0.5% during the first quarter. The short interest to Eldorado Gold Corporation's float is 1.75%. Aperio Group LLC lifted its holdings in shares of Eldorado Gold Corporation by 28.6% in the second quarter. As per Tuesday, August 15, the company rating was maintained by Jefferies. Dynamic Technology Lab Private acquired a new position in stocks of Barrick Gold Corporation through out the 2nd valued at roughly $244,000. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks.

Eldorado Gold Corporation's insider ownership stands at 0.8 percent, while its insider transaction is 0 percent. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. Barricks' segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

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