Eldorado Gold Corp (ELD) Cut to Speculative Buy at Canaccord Genuity
Canaccord Genuity lowered shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) from a buy rating to a speculative buy rating in a research note released on Thursday. The brokerage currently has C$6.00 target price on the stock.
ELD has been the topic of several other reports. BMO Capital Markets reiterated a market perform rating and issued a C$5.00 price objective on shares of Eldorado Gold Corp in a research report on Thursday, March 30th. Royal Bank Of Canada reiterated an outperform rating and issued a C$5.70 price objective on shares of Eldorado Gold Corp in a research report on Friday, May 26th. Eight Capital cut their price objective on shares of Eldorado Gold Corp from C$6.00 to C$5.25 in a research report on Monday, June 12th. Scotiabank reiterated an outperform rating and issued a C$4.25 price objective on shares of Eldorado Gold Corp in a research report on Wednesday, March 29th. Finally, TD Securities reiterated a buy rating and issued a C$4.75 price objective on shares of Eldorado Gold Corp in a research report on Monday, February 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$5.28.
Eldorado Gold Corp (TSE ELD) opened at 3.70 on Thursday. The company’s 50-day moving average is $4.35 and its 200 day moving average is $4.40. The stock’s market capitalization is $2.65 billion. Eldorado Gold Corp has a 12-month low of $3.46 and a 12-month high of $6.71.
In other Eldorado Gold Corp news, insider Dawn Louise Moss sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of C$4.30, for a total transaction of C$107,500.00.
About Eldorado Gold Corp
Eldorado Gold Corporation (Eldorado) is a 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, Tocantinzinho project and exploration activities in Brazil.
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