Eldorado Gold Corp (ELD) PT Lowered to C$3.60
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its price objective reduced by stock analysts at Scotiabank to C$3.60 in a research note issued to investors on Tuesday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 29.03% from the company’s previous close.
A number of other equities analysts have also recently issued reports on ELD. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$5.70 price objective on shares of Eldorado Gold Corp in a report on Friday, May 26th. Eight Capital cut their price objective on Eldorado Gold Corp from C$6.00 to C$5.25 in a report on Monday, June 12th. Canaccord Genuity cut Eldorado Gold Corp from a “buy” rating to a “speculative buy” rating and set a C$6.00 price objective for the company. in a report on Thursday, June 15th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$4.00 price objective on shares of Eldorado Gold Corp in a report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$4.94.
Eldorado Gold Corp (TSE:ELD) opened at 2.79 on Tuesday. The firm has a 50-day moving average price of $2.52 and a 200 day moving average price of $3.73. The company’s market capitalization is $2.00 billion. Eldorado Gold Corp has a 52-week low of $2.24 and a 52-week high of $5.63.
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In other news, Director Paul Nicholas Wright acquired 12,500 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was purchased at an average cost of C$2.60 per share, for a total transaction of C$32,500.00.
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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