Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) reached 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. The stock had previously closed at C$1.47.
Several equities research analysts have recently weighed in on ELD shares. BMO Capital Markets dropped their target price on shares of Eldorado Gold from C$2.25 to C$1.75 in a research report on Monday, November 13th. Canaccord Genuity lowered their price objective on shares of Eldorado Gold from C$2.25 to C$2.00 in a research report on Monday, October 30th. Desjardins reaffirmed a “hold” rating on shares of Eldorado Gold in a research report on Monday, December 11th. Eight Capital reaffirmed a “neutral” rating on shares of Eldorado Gold in a research report on Thursday, November 16th. Finally, JPMorgan Chase & Co. downgraded shares of Eldorado Gold from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Eldorado Gold has an average rating of “Hold” and a consensus price target of C$3.11.
The firm has a market capitalization of $1,170.00, a PE ratio of -73.50 and a beta of 0.72.
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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