Eldorado Gold Co. (NYSE:EGO – Get Rating) (TSE:ELD) shares rose 5.5% on Tuesday . The company traded as high as $7.31 and last traded at $7.31. Approximately 14,925 shares traded hands during trading, a decline of 99% from the average daily volume of 2,016,755 shares. The stock had previously closed at $6.93.
Wall Street Analyst Weigh In
EGO has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Eldorado Gold in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Canaccord Genuity Group dropped their price objective on shares of Eldorado Gold from C$11.00 to C$10.50 in a report on Monday, October 31st. National Bank Financial boosted their price objective on shares of Eldorado Gold from C$15.00 to C$15.50 in a report on Tuesday, August 2nd. TD Securities lowered their price target on shares of Eldorado Gold from $8.50 to $7.50 and set a “hold” rating on the stock in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus lowered their price target on shares of Eldorado Gold from C$17.00 to C$16.50 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of $12.50.
Eldorado Gold Stock Performance
The company has a debt-to-equity ratio of 0.16, a current ratio of 3.61 and a quick ratio of 2.39. The company has a market capitalization of $1.41 billion, a PE ratio of -3.22 and a beta of 1.21. The firm’s fifty day simple moving average is $6.24 and its 200 day simple moving average is $6.55.
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.
- Get a free copy of the StockNews.com research report on Eldorado Gold (EGO)
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