Eldorado Gold Corp (ELD) Price Target Cut to C$2.00
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its price objective dropped by equities research analysts at Royal Bank Of Canada to C$2.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. The brokerage presently has an “underperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 23.46% from the stock’s previous close.
A number of other analysts also recently commented on the company. Canaccord Genuity dropped their price objective on Eldorado Gold Corp from C$2.25 to C$2.00 in a report on Monday. BMO Capital Markets dropped their price objective on Eldorado Gold Corp from C$3.50 to C$2.25 and set a “market perform” rating for the company in a report on Tuesday, October 24th. TD Securities dropped their price objective on Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a report on Tuesday, September 12th. Finally, Scotiabank dropped their price objective on Eldorado Gold Corp to C$3.60 and set a “sector perform” rating for the company in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$3.65.
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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