Eldorado Gold Corp (ELD) Given Average Rating of “Buy” by Analysts
Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) have received an average rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$5.08.
A number of research firms have weighed in on ELD. Eight Capital reduced their target price on Eldorado Gold Corp from C$6.00 to C$5.25 in a research note on Monday, June 12th. BMO Capital Markets reiterated a “market perform” rating and issued a C$4.00 target price on shares of Eldorado Gold Corp in a research note on Tuesday, July 11th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Eldorado Gold Corp in a research note on Tuesday, June 13th. Finally, Canaccord Genuity lowered Eldorado Gold Corp from a “buy” rating to a “speculative buy” rating and set a C$6.00 target price on the stock. in a research note on Thursday, June 15th.
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In other news, insider Dawn Louise Moss sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of C$4.30, for a total transaction of C$107,500.00. Also, Director Paul Nicholas Wright purchased 12,500 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were purchased at an average price of C$2.60 per share, for a total transaction of C$32,500.00.
Shares of Eldorado Gold Corp (TSE:ELD) traded up 0.43% on Friday, hitting $2.33. 3,180,918 shares of the company traded hands. The stock’s market capitalization is $1.67 billion. Eldorado Gold Corp has a 1-year low of $2.24 and a 1-year high of $6.36. The firm’s 50 day moving average price is $3.29 and its 200-day moving average price is $4.20.
Eldorado Gold Corp Company Profile
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, and Romania. The company also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.
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