Stock analysts at StockNews.com initiated coverage on shares of Eldorado Gold (NYSE:EGO – Get Rating) (TSE:ELD) in a research note issued on Thursday. The firm set a “hold” rating on the basic materials company’s stock.
A number of other brokerages have also recently issued reports on EGO. TD Securities dropped their target price on shares of Eldorado Gold from $11.00 to $10.50 and set a “hold” rating for the company in a research report on Monday, February 27th. National Bank Financial dropped their target price on shares of Eldorado Gold from C$14.00 to C$13.50 in a research report on Tuesday, February 28th. Stifel Nicolaus dropped their target price on shares of Eldorado Gold from C$17.00 to C$16.50 in a research report on Wednesday, November 23rd. Finally, Bank of America began coverage on shares of Eldorado Gold in a research report on Friday, March 10th. They set an “underperform” rating and a $8.90 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Eldorado Gold has an average rating of “Hold” and an average target price of $11.98.
Eldorado Gold Trading Down 1.5 %
Shares of Eldorado Gold stock opened at $9.58 on Thursday. The stock has a market capitalization of $1.77 billion, a P/E ratio of -5.04 and a beta of 1.27. The company has a quick ratio of 2.06, a current ratio of 3.00 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $7.60. Eldorado Gold has a 12-month low of $5.06 and a 12-month high of $12.49.
Institutional Investors Weigh In On Eldorado Gold
About Eldorado Gold
Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.
- Get a free copy of the StockNews.com research report on Eldorado Gold (EGO)
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