Eldorado Gold (EGO) Shares Down 3.5%
Shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) traded down 3.5% during trading on Monday . The company traded as low as $1.13 and last traded at $1.18. 7,112,735 shares traded hands during trading, a decline of 25% from the average session volume of 9,503,327 shares. The stock had previously closed at $1.14.
A number of research firms have weighed in on EGO. TD Securities set a $4.00 price target on shares of Eldorado Gold and gave the stock a “buy” rating in a research report on Friday, October 20th. Credit Suisse Group lowered shares of Eldorado Gold from a “neutral” rating to an “underperform” rating in a research report on Monday, October 23rd. Royal Bank of Canada lowered shares of Eldorado Gold from an “outperform” rating to a “hold” rating and dropped their price target for the stock from $3.00 to $1.75 in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Eldorado Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Bank of America lowered shares of Eldorado Gold from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Eldorado Gold currently has an average rating of “Hold” and a consensus price target of $1.78.
The stock has a market capitalization of $921.05, a PE ratio of 58.00, a price-to-earnings-growth ratio of 9.94 and a beta of 1.13. The company has a quick ratio of 6.16, a current ratio of 7.80 and a debt-to-equity ratio of 0.16.
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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