Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective hoisted by stock analysts at National Bank Financial from C$11.00 to C$11.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential downside of 1.29% from the company’s current price.
ELD has been the topic of several other research reports. Canaccord Genuity increased their target price on Eldorado Gold from C$7.00 to C$9.00 in a research report on Friday, July 19th. Eight Capital increased their target price on Eldorado Gold from C$6.25 to C$10.00 in a research report on Thursday, August 8th. CIBC upgraded Eldorado Gold from an “underperform” rating to a “neutral” rating and increased their target price for the stock from C$3.00 to C$7.00 in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. increased their target price on Eldorado Gold from C$8.00 to C$9.00 in a research report on Monday, July 8th.
Eldorado Gold stock traded up C$0.96 during trading on Wednesday, hitting C$11.65. The stock had a trading volume of 1,753,154 shares, compared to its average volume of 1,143,303. Eldorado Gold has a 1 year low of C$3.36 and a 1 year high of C$11.89. The company has a debt-to-equity ratio of 15.24, a quick ratio of 1.29 and a current ratio of 2.20. The company’s 50 day moving average price is C$9.50. The firm has a market cap of $1.70 billion and a PE ratio of -5.15.
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.
Further Reading: Cost of Goods Sold (COGS)
Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.