Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) were down 7.7% during trading on Friday . The company traded as low as C$1.44 and last traded at C$1.44. Approximately 2,643,336 shares changed hands during trading, an increase of 9% from the average daily volume of 2,418,272 shares. The stock had previously closed at C$1.56.
Several brokerages recently issued reports on ELD. Canaccord Genuity dropped their price objective on shares of Eldorado Gold from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. Royal Bank of Canada cut shares of Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 price objective for the company. in a research note on Wednesday, October 25th. BMO Capital Markets dropped their price objective on shares of Eldorado Gold from C$2.25 to C$1.75 in a research note on Monday, November 13th. Desjardins reaffirmed a “hold” rating on shares of Eldorado Gold in a research note on Monday, December 11th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Eldorado Gold in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$3.11.
The firm has a market cap of $1,240.00, a P/E ratio of -73.25 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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