Eldorado Gold Corp (TSE:ELD) Rating Reiterated by BMO Capital Markets
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)‘s stock had its “market perform” rating reiterated by research analysts at BMO Capital Markets in a report released on Tuesday. They currently have a C$4.00 target price on the stock. BMO Capital Markets’ price target indicates a potential upside of 28.62% from the company’s previous close.
Several other research analysts have also weighed in on ELD. Royal Bank Of Canada reissued an “outperform” rating and set a C$5.75 price objective on shares of Eldorado Gold Corp in a research note on Thursday, March 30th. Scotiabank reissued an “outperform” rating and set a C$4.25 price objective on shares of Eldorado Gold Corp in a research note on Wednesday, March 29th. Eight Capital cut their price target on shares of Eldorado Gold Corp from C$6.00 to C$5.25 in a research note on Monday, June 12th. Finally, Canaccord Genuity lowered shares of Eldorado Gold Corp from a “buy” rating to a “speculative buy” rating and set a C$6.00 price target on the stock. in a research note on Thursday, June 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$5.16.
Shares of Eldorado Gold Corp (TSE ELD) traded up 1.125% during midday trading on Tuesday, hitting $3.145. 2,640,269 shares of the company traded hands. The stock’s 50-day moving average is $4.10 and its 200 day moving average is $4.38. The stock’s market capitalization is $2.25 billion. Eldorado Gold Corp has a 12-month low of $3.07 and a 12-month high of $6.71.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/11/eldorado-gold-corp-tseeld-rating-reiterated-by-bmo-capital-markets.html.
In other news, insider Dawn Louise Moss sold 25,000 shares of Eldorado Gold Corp stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of C$4.30, for a total value of C$107,500.00. Also, Director Paul Nicholas Wright acquired 12,500 shares of the stock in a transaction dated Friday, June 30th. The stock was acquired at an average price of C$2.60 per share, for a total transaction of C$32,500.00.
About Eldorado Gold Corp
Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.
Receive News & Ratings for Eldorado Gold Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold Corp and related companies with MarketBeat.com's FREE daily email newsletter.