Eldorado Gold Corp (ELD) Given Average Recommendation of “Hold” by Brokerages

Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$3.12.

ELD has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Eldorado Gold from C$2.25 to C$1.75 in a research report on Monday, November 13th. Canaccord Genuity reduced their price target on shares of Eldorado Gold from C$2.25 to C$2.00 in a research report on Monday, October 30th. TD Securities reduced their price target on shares of Eldorado Gold to C$5.15 and set a “buy” rating for the company in a research report on Tuesday, September 12th. Eight Capital reissued a “neutral” rating on shares of Eldorado Gold in a research report on Thursday, November 16th. Finally, J P Morgan Chase & Co downgraded shares of Eldorado Gold from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th.

Eldorado Gold (TSE:ELD) traded down C$0.02 during midday trading on Friday, reaching C$1.49. 2,155,409 shares of the company traded hands, compared to its average volume of 3,352,959. Eldorado Gold has a twelve month low of C$1.39 and a twelve month high of C$5.13.

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Eldorado Gold 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.

Analyst Recommendations for Eldorado Gold (TSE:ELD)

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