Short Interest in Eldorado Gold Corporation (EGO) Expands By 40.5%

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)'s share price traded down 4.3% on Friday. Royal Bank Of Canada decreased their target price on Eldorado Gold Corporation from $1.75 to $1.50 and set an underperform rating for the company in a research report on Thursday, November 2nd.

In a report issued to clients and investors on Tuesday morning, professional analysts at Bank of America's equity division cut the rating for Eldorado Gold Corporation Ordinary Shares (NYSE:EGO) shares from the previous "Buy" to a "Neutral". RBC Capital Markets reiterated an "outperform" rating and set a $7.50 price target (down previously from $9.00) on shares of Eldorado Gold Corp.in a research report on Monday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. TD Securities lowered their target price on Eldorado Gold Corp to C$5.15 and set a "buy" rating on the stock in a research note on Tuesday, September 12th.

Shares of Eldorado Gold Corporation (NYSE EGO) opened at $1.21 on Friday. (NYSE:EGO) traded up 4.59% on Tuesday, reaching $2.96. The company had a trading volume of 2,704,078 shares, compared to its average volume of 3,494,898. The stock has a 50-day moving average of $2.91 and a 200 day moving average of $3.77. The firm has a market cap of $1,016.33, a P/E ratio of 64.00 and a beta of 1.17.

COPYRIGHT VIOLATION NOTICE: This article was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and global copyright law. Eldorado Gold Corporation had a negative net margin of 5.02% and a positive return on equity of 0.51%. (NYSE:EGO) last announced its earnings results on Thursday, October 27th. The basic materials company reported ($0.01) earnings per share for the quarter. During the same quarter in the prior year, the business posted ($0.01) EPS. The business had revenue of $95.35 million for the quarter, compared to analyst estimates of $100.63 million. The correct version of this story can be read at https://stocknewstimes.com/2017/11/12/eldorado-gold-corporation-ego-short-interest-up-40-5-in-october.html. FMR LLC increased its position in Eldorado Gold Corp.by 36.6% in the second quarter. LLC now owns 52,990 shares of the basic materials company's stock worth $140,000 after buying an additional 1,148 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Eldorado Gold Corporation during the 2nd quarter worth $104,000. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company's stock worth $120,000 after purchasing an additional 13,889 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Eldorado Gold Corp.by 2.5% in the second quarter. Approximately 2.2% of the shares of the company are short sold.

Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine.

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company's geographical segments include Turkey, Brazil, Greece, Romania and Other.

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