Canaccord Genuity Cuts Eldorado Gold (ELD) Price Target to C$1.25

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price trimmed by Canaccord Genuity from C$2.00 to C$1.25 in a report released on Friday morning.

ELD has been the topic of several other research reports. Desjardins downgraded Eldorado Gold from a hold rating to a sell rating and reduced their price objective for the stock from C$1.75 to C$1.00 in a report on Thursday. BMO Capital Markets reaffirmed a market perform rating and set a C$1.50 price objective on shares of Eldorado Gold in a report on Friday. Finally, Eight Capital reduced their price objective on Eldorado Gold from C$1.60 to C$1.30 in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Eldorado Gold has an average rating of Hold and an average price target of C$2.10.

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

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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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