Eldorado Gold Corp (ELD) Shares Up 2.7%

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)’s share price shot up 2.7% during mid-day trading on Friday . The company traded as high as C$1.53 and last traded at C$1.51. 1,451,637 shares were traded during mid-day trading, a decline of 58% from the average session volume of 3,464,647 shares. The stock had previously closed at C$1.47.

A number of research firms recently issued reports on ELD. Scotiabank reissued a “sector perform” rating and issued a C$2.50 price target on shares of Eldorado Gold Corp in a research note on Friday. BMO Capital Markets decreased their price target on shares of Eldorado Gold Corp from C$2.25 to C$1.75 in a research note on Monday. J P Morgan Chase & Co downgraded shares of Eldorado Gold Corp from an “overweight” rating to a “neutral” rating in a research note on Monday. Eight Capital reissued a “neutral” rating on shares of Eldorado Gold Corp in a research note on Thursday. Finally, Royal Bank Of Canada decreased their price target on shares of Eldorado Gold Corp to C$2.00 and set an “underperform” rating for the company in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$3.42.

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Eldorado Gold Corp Company Profile

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.

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