Eldorado Gold (ELD) Stock Rating Reaffirmed by Scotiabank

Eldorado Gold (TSE:ELD) (NYSE:EGO)‘s stock had its “sector perform” rating restated by analysts at Scotiabank in a report issued on Friday, November 17th, StockTargetPrices.com reports. They presently have a C$2.50 price objective on the stock. Scotiabank’s target price indicates a potential upside of 76.06% from the stock’s current price.

A number of other equities research analysts also recently commented on ELD. J P Morgan Chase & Co downgraded Eldorado Gold from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. Eight Capital restated a “neutral” rating on shares of Eldorado Gold in a research report on Thursday, November 16th. BMO Capital Markets decreased their price objective on Eldorado Gold from C$2.25 to C$1.75 in a research report on Monday, November 13th. Canaccord Genuity cut their target price on Eldorado Gold from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada cut their target price on Eldorado Gold to C$2.00 and set an “underperform” rating on the stock in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Eldorado Gold currently has a consensus rating of “Hold” and an average target price of C$3.42.

Shares of Eldorado Gold (TSE:ELD) traded up C$0.01 during trading on Friday, hitting C$1.42. The stock had a trading volume of 1,403,034 shares, compared to its average volume of 3,358,535. Eldorado Gold has a fifty-two week low of C$1.39 and a fifty-two week high of C$5.13.

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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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Analyst Recommendations for Eldorado Gold (TSE:ELD)

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