Eldorado Gold Corp (ELD) PT Lowered to C$2.25
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its price objective dropped by research analysts at Canaccord Genuity from C$3.25 to C$2.25 in a report released on Tuesday. Canaccord Genuity’s target price indicates a potential upside of 19.05% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. TD Securities dropped their price target on Eldorado Gold Corp to C$5.15 and set a “buy” rating on the stock in a research report on Tuesday, September 12th. BMO Capital Markets upped their price objective on Eldorado Gold Corp from C$2.50 to C$3.50 and gave the stock a “market perform” rating in a research note on Saturday, September 23rd. Finally, Scotiabank lowered their price objective on Eldorado Gold Corp to C$3.60 and set a “sector perform” rating for the company in a research note on Tuesday, September 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$4.21.
Shares of Eldorado Gold Corp (ELD) traded down 4.06% during trading on Tuesday, hitting $1.89. 4,754,214 shares of the stock were exchanged. Eldorado Gold Corp has a one year low of $1.87 and a one year high of $5.13. The stock’s 50 day moving average price is $2.69 and its 200 day moving average price is $3.42. The stock’s market cap is $1.35 billion.
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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.
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