Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its price target decreased by research analysts at BMO Capital Markets from C$3.50 to C$2.25 in a research report issued on Tuesday, October 24th. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 48.03% from the company’s previous close.
Several other research analysts have also recently weighed in on the stock. Scotiabank cut their price target on shares of Eldorado Gold Corp to C$3.60 and set a “sector perform” rating on the stock in a report on Tuesday, September 12th. TD Securities dropped 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, Canaccord Genuity dropped their target price on shares of Eldorado Gold Corp from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$3.65.
Eldorado Gold Corp (ELD) traded down C$0.09 during trading on Tuesday, reaching C$1.52. 2,704,078 shares of the company traded hands, compared to its average volume of 3,494,898. Eldorado Gold Corp has a 1-year low of C$1.49 and a 1-year high of C$5.13.
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About Eldorado Gold Corp
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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