Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$1.39 and last traded at C$1.39, with a volume of 6612255 shares trading hands. The stock had previously closed at C$1.47.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Eldorado Gold from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. Canaccord Genuity reduced their target price on Eldorado Gold from C$3.25 to C$2.25 in a research report on Tuesday, October 24th. BMO Capital Markets reduced their target price on Eldorado Gold from C$2.25 to C$1.75 in a research report on Monday, November 13th. Royal Bank of Canada reduced their target price on Eldorado Gold to C$2.00 and set an “underperform” rating for the company in a research report on Thursday, November 2nd. Finally, Eight Capital restated a “neutral” rating on shares of Eldorado Gold in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$3.11.
The company has a market cap of $1,170.00, a PE ratio of -70.25 and a beta of 0.72.
Eldorado Gold 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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