Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its price objective reduced by BMO Capital Markets from C$3.50 to C$2.25 in a research report issued on Tuesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 19.05% from the stock’s current price.

A number of other research firms have also weighed in on ELD. Scotiabank dropped their target price on Eldorado Gold Corp to C$3.60 and set a “sector perform” rating on the stock in a report on Tuesday, September 12th. Canaccord Genuity dropped their target price on Eldorado Gold Corp from C$3.25 to C$2.25 in a report on Tuesday. Finally, TD Securities dropped their target price on Eldorado Gold Corp to C$5.15 and set a “buy” rating on the stock in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$4.21.

Shares of Eldorado Gold Corp (TSE ELD) traded down 4.06% during midday trading on Tuesday, hitting $1.89. The stock had a trading volume of 4,754,214 shares. The company’s 50 day moving average is $2.71 and its 200 day moving average is $3.44. Eldorado Gold Corp has a 52 week low of $1.87 and a 52 week high of $5.13. The firm’s market cap is $1.35 billion.

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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.

Analyst Recommendations for Eldorado Gold Corp (TSE:ELD)

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