Eldorado Gold Corp (ELD) Downgraded by J P Morgan Chase & Co
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) was downgraded by equities researchers at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report issued on Monday.
A number of other research firms have also recently commented on ELD. Scotiabank decreased their target price on shares of Eldorado Gold Corp to C$3.60 and set a “sector perform” rating on the stock in a research report on Tuesday, September 12th. Canaccord Genuity decreased their target price on shares of Eldorado Gold Corp from C$3.25 to C$2.25 in a research report on Tuesday, October 24th. Royal Bank Of Canada cut shares of Eldorado Gold Corp from a “sector perform” rating to an “underperform” rating and set a C$2.35 target price on the stock. in a research report on Wednesday, October 25th. BMO Capital Markets decreased their target price on shares of Eldorado Gold Corp from C$2.25 to C$1.75 in a research report on Monday. Finally, TD Securities decreased their target price on shares of Eldorado Gold Corp to C$5.15 and set a “buy” rating on the stock in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Eldorado Gold Corp currently has an average rating of “Hold” and an average target price of C$3.58.
Eldorado Gold Corp (TSE ELD) traded down C$0.09 during midday trading on Monday, reaching C$1.52. 2,704,078 shares of the company’s stock were exchanged, compared to its average volume of 3,494,898. Eldorado Gold Corp has a 52 week low of C$1.49 and a 52 week high of C$5.13.
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About Eldorado Gold Corp
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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