Eldorado Gold (ELD) Price Target Lowered to C$1.30 at Eight Capital

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective cut by Eight Capital from C$1.60 to C$1.30 in a research report issued on Friday. Eight Capital’s price target would suggest a potential upside of 11.11% from the company’s previous close.

A number of other analysts have also weighed in on the company. Desjardins restated a “hold” rating on shares of Eldorado Gold in a research note on Monday, December 11th. BMO Capital Markets restated a “market perform” rating and issued a C$1.50 target price on shares of Eldorado Gold in a research note on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Eldorado Gold has an average rating of “Hold” and an average price target of C$2.10.

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Eldorado Gold (TSE:ELD) opened at C$1.17 on Friday. The stock has a market capitalization of $1,120.00, a price-to-earnings ratio of -58.50 and a beta of 0.80. Eldorado Gold has a twelve month low of C$1.15 and a twelve month high of C$5.13.

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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.

Analyst Recommendations for Eldorado Gold (TSE:ELD)

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