Eldorado Gold Corp (ELD) Stock Price Down 4.3%

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)’s share price traded down 4.3% on Friday . The company traded as low as C$1.63 and last traded at C$1.54. 1,932,274 shares changed hands during trading, a decline of 30% from the average session volume of 2,780,000 shares. The stock had previously closed at C$1.61.

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Eldorado Gold Corp to C$2.00 and set an “underperform” rating for the company in a research report on Thursday, November 2nd. Canaccord Genuity dropped their target price on shares of Eldorado Gold Corp from C$2.25 to C$2.00 in a research report on Monday, October 30th. BMO Capital Markets dropped their target price on shares of Eldorado Gold Corp from C$3.50 to C$2.25 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. TD Securities dropped their target price on shares of Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a research report on Tuesday, September 12th. Finally, Scotiabank dropped their target price on shares of Eldorado Gold Corp to C$3.60 and set a “sector perform” rating for the company in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$3.65.

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Eldorado Gold Corp Company Profile

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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