Eldorado Gold Co. (NYSE:EGO – Get Rating) (TSE:ELD) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $14.10.
Several research analysts have weighed in on the company. National Bank Financial boosted their price target on Eldorado Gold from C$15.00 to C$15.50 in a report on Tuesday, August 2nd. TD Securities decreased their price target on shares of Eldorado Gold from $8.50 to $7.50 and set a “hold” rating for the company in a research report on Wednesday, August 3rd. Stifel Nicolaus decreased their price objective on shares of Eldorado Gold from C$20.25 to C$18.00 in a research report on Wednesday, July 20th. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and dropped their price objective for the stock from C$17.00 to C$12.00 in a research note on Wednesday, July 20th. Finally, Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th.
Eldorado Gold Price Performance
Shares of NYSE:EGO opened at $5.76 on Friday. The business’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $8.05. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.41 and a beta of 1.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.40. Eldorado Gold has a 12 month low of $5.21 and a 12 month high of $12.49.
Institutional Inflows and Outflows
About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.
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