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Investment analysts at Goldman Sachs upped their target price on shares of Eldorado Gold Corp (TSE:ELD) from C$5.20 to C$5.80 in a note issued to investors on Wednesday. Goldman Sachs’ target price suggests a potential downside of 35.48% from the stock’s previous close.

Eldorado Gold Corp (TSE:ELD) traded up 0.33% on Wednesday, hitting $9.02. The stock had a trading volume of 422,012 shares. Eldorado Gold Corp has a one year low of $5.73 and a one year high of $10.08. The stock has a 50-day moving average of $8.40 and a 200-day moving average of $7.31. The company’s market cap is $6.449 billion.

The company also recently announced a dividend, which is scheduled for Tuesday, August 26th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.12%. The ex-dividend date is Wednesday, August 13th.

ELD has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Eldorado Gold Corp from C$10.00 to C$11.00 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Eldorado Gold Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. They now have a C$9.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of Eldorado Gold Corp from C$10.00 to C$11.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$8.88.

Eldorado Gold Corporation (TSE:ELD) is a gold exploration, development, mining and production company.

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