Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) dropped 6.6% during trading on Monday . The company traded as low as C$1.54 and last traded at C$1.61. Approximately 2,504,633 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 3,460,323 shares. The stock had previously closed at C$1.51.
ELD has been the topic of a number of analyst reports. Royal Bank Of Canada lowered Eldorado Gold Corp from a “sector perform” rating to an “underperform” rating and set a C$2.35 price target on the stock. in a research report on Wednesday, October 25th. BMO Capital Markets cut their target price on Eldorado Gold Corp from C$4.00 to C$2.50 and set a “market perform” rating on the stock in a research report on Tuesday, September 12th. Scotiabank cut their target price on Eldorado Gold Corp to C$3.60 and set a “sector perform” rating on the stock in a research report on Tuesday, September 12th. TD Securities cut their target price on Eldorado Gold Corp to C$5.15 and set a “buy” rating on the stock in a research report on Tuesday, September 12th. Finally, Canaccord Genuity cut their target price on Eldorado Gold Corp from C$2.25 to C$2.00 in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$3.42.
Eldorado Gold Corp Company Profile
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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