Eldorado Gold (ELD) Trading Up -2.4%
Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) were up 2.4% on Friday . The stock traded as high as C$1.63 and last traded at C$1.60. Approximately 1,304,201 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 3,298,502 shares. The stock had previously closed at C$1.64.
Several analysts have weighed in on ELD shares. Royal Bank of Canada cut Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 price target on the stock. in a report on Wednesday, October 25th. BMO Capital Markets reduced their price objective on Eldorado Gold from C$4.00 to C$2.50 and set a “market perform” rating on the stock in a research report on Tuesday, September 12th. Scotiabank reiterated a “sector perform” rating and set a C$2.50 price objective on shares of Eldorado Gold in a research report on Friday, November 17th. Canaccord Genuity reduced their price objective on Eldorado Gold from C$2.25 to C$2.00 in a research report on Monday, October 30th. Finally, TD Securities reduced their price objective on Eldorado Gold to C$5.15 and set a “buy” rating on the stock in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$3.42.
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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