Eldorado Gold (TSE:ELD) Upgraded by National Bank Financial to Outperform Market Weight
National Bank Financial upgraded shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from a sector perform overweight rating to an outperform market weight rating in a research note issued to investors on Wednesday morning, Zacks.com reports.
A number of other equities analysts also recently commented on the stock. CIBC upgraded shares of Eldorado Gold from an underperform rating to a neutral rating and boosted their target price for the stock from C$3.00 to C$7.00 in a research note on Thursday, July 11th. BMO Capital Markets boosted their target price on shares of Eldorado Gold from C$12.50 to C$16.00 in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Eldorado Gold from C$10.00 to C$13.00 in a research note on Wednesday, August 14th. Canaccord Genuity upped their price objective on shares of Eldorado Gold from C$7.00 to C$9.00 in a research note on Friday, July 19th. Finally, Eight Capital upped their price objective on shares of Eldorado Gold from C$6.25 to C$10.00 in a research note on Thursday, August 8th.
TSE ELD traded down C$0.28 on Wednesday, reaching C$11.15. The stock had a trading volume of 1,063,989 shares, compared to its average volume of 1,197,610. The firm has a market capitalization of $1.82 billion and a price-to-earnings ratio of -4.92. The company has a quick ratio of 1.29, a current ratio of 2.20 and a debt-to-equity ratio of 15.24. Eldorado Gold has a 12-month low of C$3.36 and a 12-month high of C$13.34. The stock has a fifty day moving average price of C$11.44 and a two-hundred day moving average price of C$7.54.
About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.
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