Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) dropped 6.6% on Monday . The stock traded as low as C$1.54 and last traded at C$1.61. Approximately 2,504,633 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 3,460,323 shares. The stock had previously closed at C$1.51.

ELD has been the subject of several recent analyst reports. 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 price objective for the company. in a research note on Wednesday, October 25th. BMO Capital Markets reduced their price objective on shares of Eldorado Gold Corp from C$4.00 to C$2.50 and set a “market perform” rating for the company in a research note on Tuesday, September 12th. Scotiabank reduced their price objective on shares of Eldorado Gold Corp to C$3.60 and set a “sector perform” rating for the company in a research note on Tuesday, September 12th. TD Securities reduced their price objective on shares of Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Finally, Canaccord Genuity reduced their price objective on shares of Eldorado Gold Corp from C$2.25 to C$2.00 in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$3.42.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/20/eldorado-gold-corp-eld-trading-down-6-6.html.

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.

Receive News & Stock Ratings for Eldorado Gold Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold Corp and related stocks with our FREE daily email newsletter.