TD Securities Thinks Eldorado Gold Corp’s Stock is Going to Recover

By Austin Angelo

In a report released yesterday, Steven Green from TD Securities reiterated a Buy rating on Eldorado Gold Corp (NYSE: EGO). The company’s shares closed yesterday at $2.67, close to its 52-week high of $5.13.

According to TipRanks.com, Green is a 2-star analyst with an average return of 1.2% and a 52.8% success rate. Green covers the Basic Materials sector, focusing on stocks such as Dominion Diamond, IAMGOLD Corp, and New Gold Inc.

Eldorado Gold Corp has an analyst consensus of Strong Buy, with a price target consensus of $4.50.

Based on Eldorado Gold Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $112 million and quarterly net profit of $3.83 million. In comparison, last year the company earned revenue of $164 million and had a GAAP net loss of $2.48 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eldorado Gold Corp. engages in the business of 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 A. Romero and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.