According to The Fly, canaccord Genuity analyst Carey MacRury reiterated a Hold rating on Eldorado Gold Corp (EGO) on November 23. The company’s shares closed on Friday at $0.61, close to its 52-week low of $0.60.
According to TipRanks.com, MacRury has 0 stars on 0-5 star ranking scale with an average return of -12.3% and a 20.5% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eldorado Gold Corp.
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Based on Eldorado Gold Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $128 million. In comparison, last year the company had a GAAP net loss of $4.18 million.
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Eldorado Gold Corp. engages in the development and exploration of mineral properties. It owns and operates gold, silver, lead, and zinc mines. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.
