Eldorado Gold Corp (ELD) Price Target Cut to C$5.15 by Analysts at TD Securities

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) had its target price cut by TD Securities to C$5.15 in a research report sent to investors on Tuesday morning. They currently have a buy rating on the stock.

ELD has been the subject of several other reports. BMO Capital Markets reissued a market perform rating and issued a C$4.00 price objective on shares of Eldorado Gold Corp in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued an outperform rating and issued a C$5.70 price objective on shares of Eldorado Gold Corp in a research report on Friday, May 26th. Eight Capital lowered their price objective on Eldorado Gold Corp from C$6.00 to C$5.25 in a research report on Monday, June 12th. Canaccord Genuity lowered Eldorado Gold Corp from a buy rating to a speculative buy rating and set a C$6.00 price objective for the company. in a research report on Thursday, June 15th. Finally, Scotiabank lowered their price objective on Eldorado Gold Corp to C$3.60 and set a sector perform rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of C$4.94.

Eldorado Gold Corp (TSE:ELD) opened at 2.41 on Tuesday. The firm’s market capitalization is $1.72 billion. Eldorado Gold Corp has a 1-year low of $2.24 and a 1-year high of $5.63. The firm has a 50-day moving average price of $2.53 and a 200-day moving average price of $3.74.

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In other news, Director Paul Nicholas Wright bought 12,500 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was acquired at an average cost of C$2.60 per share, with a total value of C$32,500.00.

Eldorado Gold Corp Company Profile

Eldorado Gold Corporation (Eldorado) is a 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, Tocantinzinho project and exploration activities in Brazil.

Analyst Recommendations for Eldorado Gold Corp (TSE:ELD)

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