Eldorado Gold Corp’s (ELD) “Sector Perform” Rating Reaffirmed at Scotiabank
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)‘s stock had its “sector perform” rating reaffirmed by research analysts at Scotiabank in a research note issued on Friday, StockTargetPrices.com reports. They currently have a C$2.50 price objective on the stock. Scotiabank’s price target would suggest a potential upside of 55.28% from the company’s previous close.
Several other research firms have also commented on ELD. BMO Capital Markets lowered their price target on shares of Eldorado Gold Corp from C$4.00 to C$2.50 and set a “market perform” rating on the stock in a report on Tuesday, September 12th. Eight Capital reaffirmed a “neutral” rating on shares of Eldorado Gold Corp in a report on Thursday. J P Morgan Chase & Co lowered shares of Eldorado Gold Corp from an “overweight” rating to a “neutral” rating in a report on Monday. Canaccord Genuity lowered their price target on shares of Eldorado Gold Corp from C$2.25 to C$2.00 in a report on Monday, October 30th. Finally, Royal Bank Of Canada lowered their price target on shares of Eldorado Gold Corp to C$2.00 and set an “underperform” rating on the stock in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$3.42.
Eldorado Gold Corp (TSE ELD) traded up C$0.10 during midday trading on Friday, hitting C$1.61. The company had a trading volume of 2,504,635 shares, compared to its average volume of 3,460,323. Eldorado Gold Corp has a 52-week low of C$1.44 and a 52-week high of C$5.13.
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Eldorado Gold Corp Company Profile
Eldorado Gold Corp is a Canada-based 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, the Tocantinzinho project and exploration activities in Brazil.
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