Eldorado Gold Corp (ELD) Given Average Rating of “Buy” by Brokerages
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) has been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$5.08.
Several analysts recently issued reports on ELD shares. Royal Bank Of Canada restated an “outperform” rating and issued a C$5.70 price objective on shares of Eldorado Gold Corp in a report on Friday, May 26th. Eight Capital reduced their price objective on shares of Eldorado Gold Corp from C$6.00 to C$5.25 in a report on Monday, June 12th. Canaccord Genuity downgraded Eldorado Gold Corp from a “buy” rating to a “speculative buy” rating and set a C$6.00 target price for the company. in a research report on Thursday, June 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$4.00 target price on shares of Eldorado Gold Corp in a research report on Tuesday, July 11th.
Eldorado Gold Corp (ELD) traded down 2.35% during midday trading on Wednesday, hitting $2.49. 323,121 shares of the stock traded hands. Eldorado Gold Corp has a 52-week low of $2.24 and a 52-week high of $5.63. The firm’s 50-day moving average is $2.73 and its 200-day moving average is $3.93. The company’s market cap is $1.78 billion.
In other Eldorado Gold Corp news, insider Dawn Louise Moss sold 25,000 shares of Eldorado Gold Corp stock in a transaction dated Tuesday, June 6th. The stock was 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 shares were bought at an average cost of C$2.60 per share, with a total value 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.
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