Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) hit a new 52-week low during trading on Tuesday . The company traded as low as C$1.39 and last traded at C$1.39, with a volume of 6612255 shares traded. The stock had previously closed at C$1.47.
A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered Eldorado Gold from an “overweight” rating to a “neutral” rating in a report on Monday, November 13th. Scotiabank reiterated a “sector perform” rating and set a C$2.50 price target on shares of Eldorado Gold in a report on Friday, November 17th. BMO Capital Markets lowered their target price on Eldorado Gold 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. Eight Capital restated a “neutral” rating on shares of Eldorado Gold in a research note on Thursday, November 16th. Finally, Desjardins restated a “hold” rating on shares of Eldorado Gold in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Eldorado Gold has a consensus rating of “Hold” and an average target price of C$3.11.
The company has a market cap of $1,170.00, a P/E ratio of -70.25 and a beta of 0.72.
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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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