Eldorado Gold (TSE:ELD) Cut to Hold at Royal Bank Of Canada

Eldorado Gold (TSE:ELD) (NYSE:EGO) was downgraded by equities research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group lowered their price objective on Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. BMO Capital Markets lifted their price target on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Stifel Nicolaus increased their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Finally, ATB Cormark Capital Markets decreased their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$60.75.

Eldorado Gold Stock Down 4.1%

Shares of TSE ELD opened at C$61.88 on Tuesday. The firm has a market cap of C$12.44 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. Eldorado Gold has a 1 year low of C$18.94 and a 1 year high of C$69.46. The firm’s 50 day moving average price is C$54.93 and its 200 day moving average price is C$43.59.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.