New Strong Buy Stocks for July 2nd
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Zacks Rank #1 Stocks: Five stocks have been added to the Zacks Rank #1 (Strong Buy) List, including Eldorado Gold Corporation, Mitsubishi Corporation, Societe Generale, Seven & i Holdings, and The Estee Lauder Companies, all of which have seen positive earnings estimates over the last 60 days.
Top Stock Recommendation: A little-known satellite-based communications firm is highlighted as a top pick by Zacks, with analysts predicting significant revenue growth in the coming years, particularly as the space industry is expected to expand into a trillion-dollar market.
Analyst Views on EGO
Wall Street analysts forecast EGO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGO is 37.08 USD with a low forecast of 29.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 45.170
Low
29.00
Averages
37.08
High
47.00
Current: 45.170
Low
29.00
Averages
37.08
High
47.00
About EGO
Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. The Company operates four mines: Kisladag, Efemcukuru, Lamaque, and Olympias. The Kisladag, Efemcukuru and Lamaque mines are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. Kisladag is a low-grade, bulk-tonnage, open-pit operation that uses heap leaching for gold recovery. It is located in Usak Province in western Turkiye. Efemcukuru is a high-grade, underground operation located in Izmir Province in western Turkiye. The Lamaque Complex is located in Val-d'Or, Quebec. It includes the Triangle mine, the Ormaque mine, the Parallel deposit, the Plug #4 deposit, and the Sigma Mill. Olympias is a gold-silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. It also operates the Bruell Gold Project 51 claim property in Vauquelin township, Quebec.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
