Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) traded up 5.5% during mid-day trading on Monday . The company traded as high as C$1.75 and last traded at C$1.74. 2,868,213 shares were traded during trading, an increase of 16% from the average session volume of 2,480,510 shares. The stock had previously closed at C$1.65.
A number of analysts have issued reports on the stock. Canaccord Genuity cut their price target on shares of Eldorado Gold Corp from C$2.25 to C$2.00 in a research note on Monday. BMO Capital Markets cut their target price on shares of Eldorado Gold Corp from C$3.50 to C$2.25 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Royal Bank Of Canada lowered shares of Eldorado Gold Corp from a “sector perform” rating to an “underperform” rating and set a C$2.35 target price on the stock. in a research note on Wednesday, October 25th. TD Securities cut their target price on shares of Eldorado Gold Corp to C$5.15 and set a “buy” rating on the stock in a research note on Tuesday, September 12th. Finally, Scotiabank cut their target price on shares of Eldorado Gold Corp to C$3.60 and set a “sector perform” rating on the stock in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Eldorado Gold Corp has a consensus rating of “Hold” and a consensus price target of C$3.70.
The stock’s market cap is $1.24 billion. The firm has a 50 day moving average price of $2.59 and a 200-day moving average price of $3.33.
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Eldorado Gold Corp Company Profile
Eldorado Gold Corporation (Eldorado) is a 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, Tocantinzinho project and exploration activities in Brazil.
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