BMO Capital Markets Lowers Eldorado Gold Corp (ELD) Price Target to C$2.25
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.
ILLEGAL ACTIVITY NOTICE: “BMO Capital Markets Lowers Eldorado Gold Corp (ELD) Price Target to C$2.25” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/24/bmo-capital-markets-lowers-eldorado-gold-corp-eld-price-target-to-c2-25.html.
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.