Eldorado Gold (TSE:ELD) Price Target Cut to C$30.00 by Analysts at Cormark

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price lowered by equities research analysts at Cormark from C$33.50 to C$30.00 in a report released on Monday,BayStreet.CA reports. Cormark’s target price points to a potential upside of 46.27% from the company’s current price.

ELD has been the topic of a number of other reports. Stifel Nicolaus reduced their target price on shares of Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th. BMO Capital Markets decreased their price objective on Eldorado Gold from C$29.00 to C$27.00 in a report on Friday. Finally, National Bankshares cut their target price on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th.

Eldorado Gold Price Performance

Shares of TSE:ELD traded up C$0.63 during midday trading on Monday, hitting C$20.51. The company’s stock had a trading volume of 550,615 shares, compared to its average volume of 417,610. Eldorado Gold has a 12-month low of C$13.10 and a 12-month high of C$26.32. The company has a market cap of C$4.20 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The business’s 50 day simple moving average is C$22.10 and its 200 day simple moving average is C$22.87.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.