Canaccord Genuity Trims Eldorado Gold (TSE:ELD) Target Price to C$10.50
Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target reduced by equities researchers at Canaccord Genuity from C$12.00 to C$10.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price objective suggests a potential upside of 9.03% from the stock’s previous close.
A number of other research analysts have also recently commented on the stock. National Bank Financial cut their price target on shares of Eldorado Gold from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Royal Bank of Canada restated an “underperform” rating and set a C$6.50 price target on shares of Eldorado Gold in a research note on Thursday, December 5th.
ELD stock traded up C$0.04 during trading on Wednesday, reaching C$9.63. 469,044 shares of the stock were exchanged, compared to its average volume of 691,316. Eldorado Gold has a twelve month low of C$3.36 and a twelve month high of C$13.34. The company has a market capitalization of $1.52 billion and a P/E ratio of -6.68. The stock has a 50 day simple moving average of C$9.96 and a 200-day simple moving average of C$10.39. The company has a current ratio of 2.26, a quick ratio of 1.20 and a debt-to-equity ratio of 15.28.
About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.
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