Eldorado Gold (ELD) Shares Down 2.5%
Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) traded down 2.5% during trading on Thursday . The stock traded as low as C$1.59 and last traded at C$1.64. 1,267,795 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,306,642 shares. The stock had previously closed at C$1.60.
Several analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Eldorado Gold from C$4.00 to C$2.50 and set a “market perform” rating for the company in a research note on Tuesday, September 12th. Scotiabank restated a “sector perform” rating and issued a C$2.50 target price on shares of Eldorado Gold in a research note on Friday, November 17th. Desjardins restated a “hold” rating on shares of Eldorado Gold in a research note on Monday, December 11th. Canaccord Genuity reduced their target price on shares of Eldorado Gold from C$2.25 to C$2.00 in a research note on Monday, October 30th. Finally, Eight Capital restated a “neutral” rating on shares of Eldorado Gold in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$3.42.
The firm has a market cap of $1,300.00, a P/E ratio of -85.00 and a beta of 0.76.
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Eldorado Gold 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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