Eldorado Gold Corp (ELD) Shares Down 4.1%
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)’s share price was down 4.1% on Tuesday . The stock traded as low as C$2.80 and last traded at C$2.80. Approximately 774,235 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 2,465,650 shares. The stock had previously closed at C$2.92.
Several equities analysts have recently weighed in on ELD shares. TD Securities reduced their price target on Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a research report on Tuesday, September 12th. BMO Capital Markets reissued a “market perform” rating and set a C$4.00 price objective on shares of Eldorado Gold Corp in a research note on Tuesday, July 11th. Scotiabank dropped their price objective on Eldorado Gold Corp to C$3.60 and set a “sector perform” rating for the company in a research note on Tuesday, September 12th. Eight Capital dropped their price objective on Eldorado Gold Corp from C$6.00 to C$5.25 in a research note on Monday, June 12th. Finally, Canaccord Genuity lowered Eldorado Gold Corp from a “buy” rating to a “speculative buy” rating and set a C$6.00 price objective for the company. in a research note on Thursday, June 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$4.93.
In other Eldorado Gold Corp news, Director Paul Nicholas Wright purchased 12,500 shares of the business’s stock in a transaction on Friday, June 30th. The stock was acquired at an average price of C$2.60 per share, for a total transaction of C$32,500.00.
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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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