Eldorado Gold (ELD) Shares Up -2.4%
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) shot up 2.4% during mid-day trading on Friday . The company traded as high as C$1.63 and last traded at C$1.60. 1,304,201 shares traded hands during trading, a decline of 60% from the average session volume of 3,298,502 shares. The stock had previously closed at C$1.64.
A number of brokerages recently issued reports on ELD. BMO Capital Markets raised their price target on Eldorado Gold from C$2.50 to C$3.50 and gave the stock a “market perform” rating in a research note on Saturday, September 23rd. TD Securities decreased their price target on Eldorado Gold to C$5.15 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Scotiabank decreased their price target on Eldorado Gold to C$3.60 and set a “sector perform” rating for the company in a research note on Tuesday, September 12th. Canaccord Genuity decreased their price target on Eldorado Gold from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada lowered Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 price target for the company. in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Eldorado Gold has a consensus rating of “Hold” and a consensus target price of C$3.42.
The company has a market capitalization of $1,350.00, a PE ratio of -85.00 and a beta of 0.76.
About Eldorado Gold
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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