Eldorado Gold (TSE:ELD) PT Raised to C$11.50 at National Bank Financial

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 Company Profile

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)

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