TD Securities Cuts Eldorado Gold Corp (ELD) Price Target to C$5.15
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its target price decreased by TD Securities to C$5.15 in a research note issued to investors on Tuesday, StockTargetPrices.com reports. TD Securities currently has a buy rating on the stock.
A number of other research analysts also recently commented on the company. BMO Capital Markets reissued a market perform rating and issued a C$4.00 price target on shares of Eldorado Gold Corp in a report on Tuesday, July 11th. Royal Bank Of Canada reissued an outperform rating on shares of Eldorado Gold Corp in a report on Tuesday, June 13th. Canaccord Genuity downgraded Eldorado Gold Corp from a buy rating to a speculative buy rating and set a C$6.00 price target for the company. in a report on Thursday, June 15th. Eight Capital reduced their price target on Eldorado Gold Corp from C$6.00 to C$5.25 in a report on Monday, June 12th. Finally, Scotiabank reduced their price target on Eldorado Gold Corp to C$3.60 and set a sector perform rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Eldorado Gold Corp currently has an average rating of Hold and an average price target of C$4.94.
Eldorado Gold Corp (TSE:ELD) opened at 2.90 on Tuesday. The firm’s market capitalization is $2.07 billion. The stock’s 50 day moving average price is $2.51 and its 200 day moving average price is $3.72. Eldorado Gold Corp has a 12 month low of $2.24 and a 12 month high of $5.63.
In related news, Director Paul Nicholas Wright purchased 12,500 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were acquired 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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