Eldorado Gold (TSE:ELD) Downgraded by Royal Bank Of Canada to Hold

Royal Bank Of Canada downgraded shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from a moderate buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

ELD has been the subject of a number of other reports. BMO Capital Markets upped their target price on shares of Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Stifel Nicolaus upped their price target on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Canaccord Genuity Group cut their price objective on Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. ATB Cormark Capital Markets lowered their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. Finally, Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Eldorado Gold presently has an average rating of “Buy” and an average target price of C$60.75.

Eldorado Gold Stock Performance

ELD stock opened at C$61.88 on Tuesday. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. Eldorado Gold has a 1 year low of C$18.94 and a 1 year high of C$69.46. The company has a market cap of C$12.44 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. The stock’s fifty day moving average price is C$54.93 and its 200-day moving average price is C$43.59.

About Eldorado Gold

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.