CIBC upgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a sector underperform rating to a neutral rating in a report released on Thursday, Marketbeat reports. They currently have $1.30 price target on the basic materials company’s stock, down from their previous price target of $1.70.
Other analysts have also issued research reports about the company. Zacks Investment Research lowered Eldorado Gold from a hold rating to a sell rating in a report on Wednesday, January 10th. Scotiabank cut their price target on Eldorado Gold from $2.00 to $1.50 and set a hold rating for the company in a report on Friday, March 23rd. TD Securities cut their price target on Eldorado Gold from $1.60 to $1.20 and set a hold rating for the company in a report on Friday, March 23rd. ValuEngine lowered Eldorado Gold from a hold rating to a sell rating in a report on Friday, February 2nd. Finally, Credit Suisse Group raised Eldorado Gold from an underperform rating to a neutral rating and set a $1.60 price target for the company in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Eldorado Gold has an average rating of Hold and an average target price of $1.30.
Shares of EGO opened at $0.98 on Thursday. Eldorado Gold has a one year low of $0.80 and a one year high of $3.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.46 and a quick ratio of 4.98. The firm has a market capitalization of $775.03, a P/E ratio of 48.81, a PEG ratio of 13.01 and a beta of 1.37.
Eldorado Gold Company Profile
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.
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