Eldorado Gold Corp (ELD) Price Target Increased to C$3.50 by Analysts at BMO Capital Markets
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its target price lifted by investment analysts at BMO Capital Markets from C$2.50 to C$3.50 in a note issued to investors on Saturday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 25.00% from the company’s current price.
ELD has been the topic of a number of other reports. TD Securities dropped their price target on shares of Eldorado Gold Corp to C$5.15 and set a “buy” rating on the stock in a research note on Tuesday, September 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$5.70 price target on shares of Eldorado Gold Corp in a research note on Friday, May 26th. Scotiabank dropped their price target on shares of Eldorado Gold Corp to C$3.60 and set a “sector perform” rating on the stock in a research note on Tuesday, September 12th. Eight Capital dropped 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 downgraded 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 two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$4.93.
Eldorado Gold Corp (TSE ELD) traded up 1.82% during midday trading on Friday, reaching $2.80. The company’s stock had a trading volume of 973,274 shares. The stock’s 50-day moving average price is $2.51 and its 200-day moving average price is $3.69. Eldorado Gold Corp has a 12 month low of $2.24 and a 12 month high of $5.63. The firm’s market capitalization is $2.00 billion.
In other Eldorado Gold Corp news, Director Paul Nicholas Wright bought 12,500 shares of the stock in a transaction on Friday, June 30th. The shares were purchased at an average cost of C$2.60 per share, with a total value of C$32,500.00.
Eldorado Gold Corp Company Profile
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.