National Bank Financial Boosts Eldorado Gold (TSE:ELD) Price Target to C$11.50

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective upped by National Bank Financial from C$11.00 to C$11.50 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

ELD has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Eldorado Gold from C$8.00 to C$9.00 in a research note on Monday, July 8th. Eight Capital lifted their price target on Eldorado Gold from C$6.25 to C$10.00 in a research note on Thursday, August 8th. CIBC raised Eldorado Gold from an underperform rating to a neutral rating and lifted their price target for the stock from C$3.00 to C$7.00 in a research note on Thursday, July 11th. Finally, Canaccord Genuity lifted their price target on Eldorado Gold from C$7.00 to C$9.00 in a research note on Friday, July 19th.

TSE:ELD opened at C$11.46 on Wednesday. The company has a market capitalization of $1.82 billion and a PE ratio of -5.03. The company has a quick ratio of 1.29, a current ratio of 2.20 and a debt-to-equity ratio of 15.24. Eldorado Gold has a 52-week low of C$3.36 and a 52-week high of C$11.89. The stock has a fifty day simple moving average of C$9.75 and a 200-day simple moving average of C$6.69.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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