Eldorado Gold Co. (ELD.TO) (TSE:ELD) Reaches New 1-Year Low at $0.02

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Eldorado Gold Co. (ELD.TO) (TSE:ELD) (NYSE:EGO)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 554961 shares changing hands. The stock had previously closed at C$15.59.

ELD has been the subject of several research reports. BMO Capital Markets raised their price target on Eldorado Gold Co. (ELD.TO) from C$20.00 to C$22.00 in a report on Monday, November 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Eldorado Gold Co. (ELD.TO) in a report on Friday, October 30th. Finally, National Bank Financial cut their price target on Eldorado Gold Co. (ELD.TO) from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, December 3rd.

The company has a current ratio of 1.78, a quick ratio of 1.33 and a debt-to-equity ratio of 15.49. The stock has a market cap of C$2.69 million and a P/E ratio of 15.54. The firm has a 50-day simple moving average of C$16.58 and a two-hundred day simple moving average of C$15.80.

Eldorado Gold Co. (ELD.TO) (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, October 29th. The company reported C$0.44 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.01. The firm had revenue of C$383.24 million for the quarter. Sell-side analysts predict that Eldorado Gold Co. will post 0.98 earnings per share for the current year.

About Eldorado Gold Co. (ELD.TO) (TSE:ELD)

Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.

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