Eldorado Gold (TSE:ELD) Stock Price Down 4.5%

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)’s stock price fell 4.5% on Wednesday . The stock traded as low as C$10.38 and last traded at C$10.39, 293,127 shares traded hands during mid-day trading. A decline of 75% from the average session volume of 1,160,644 shares. The stock had previously closed at C$10.88.

Several research analysts recently issued reports on ELD shares. JPMorgan Chase & Co. increased their price target on shares of Eldorado Gold from C$10.00 to C$13.00 in a report on Wednesday, August 14th. Eight Capital lifted their price objective on Eldorado Gold from C$6.25 to C$10.00 in a report on Thursday, August 8th. National Bank Financial dropped their target price on Eldorado Gold from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Finally, BMO Capital Markets increased their target price on Eldorado Gold from C$12.50 to C$16.00 in a research note on Wednesday, September 11th.

The company has a debt-to-equity ratio of 15.28, a quick ratio of 1.20 and a current ratio of 2.26. The company has a market capitalization of $1.73 billion and a PE ratio of -7.21. The firm’s 50-day simple moving average is C$10.47 and its 200 day simple moving average is C$9.47.

In related news, Senior Officer Jason Cho sold 5,201 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of C$10.31, for a total transaction of C$53,622.31. Following the sale, the insider now owns 22,664 shares of the company’s stock, valued at C$233,665.84.

About Eldorado Gold (TSE:ELD)

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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