Eldorado Gold Corp (ELD) Earns “Sector Perform” Rating from Scotiabank
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)‘s stock had its “sector perform” rating restated by investment analysts at Scotiabank in a note issued to investors on Friday. They presently have a C$2.50 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 65.56% from the company’s current price.
Several other research firms have also recently commented on ELD. Canaccord Genuity lowered their price target on Eldorado Gold Corp from C$3.25 to C$2.25 in a report on Tuesday, October 24th. Royal Bank Of Canada cut Eldorado Gold Corp from a “sector perform” rating to an “underperform” rating and set a C$2.35 target price for the company. in a report on Wednesday, October 25th. BMO Capital Markets decreased their target price on Eldorado Gold Corp from C$2.25 to C$1.75 in a report on Monday. TD Securities decreased their target price on Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a report on Tuesday, September 12th. Finally, Eight Capital reiterated a “neutral” rating on shares of Eldorado Gold Corp in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$3.42.
Eldorado Gold Corp (TSE ELD) traded up C$0.04 on Friday, reaching C$1.51. The company’s stock had a trading volume of 1,451,637 shares, compared to its average volume of 3,464,647. Eldorado Gold Corp has a 52 week low of C$1.44 and a 52 week high of C$5.13.
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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