Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$1.42 and last traded at C$1.46, with a volume of 798808 shares changing hands. The stock had previously closed at C$1.47.
ELD has been the subject of a number of research analyst reports. Royal Bank Of Canada cut Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 target price for the company. in a research report on Wednesday, October 25th. BMO Capital Markets decreased their target price on Eldorado Gold from C$4.00 to C$2.50 and set a “market perform” rating for the company in a research report on Tuesday, September 12th. Scotiabank decreased their target price on Eldorado Gold to C$3.60 and set a “sector perform” rating for the company in a research report on Tuesday, September 12th. Canaccord Genuity decreased their target price on Eldorado Gold from C$2.25 to C$2.00 in a research report on Monday, October 30th. Finally, TD Securities decreased their target price on Eldorado Gold to C$5.15 and set a “buy” rating for the company in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$3.42.
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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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