Shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) gapped up prior to trading on Friday . The stock had previously closed at $0.78, but opened at $0.81. Eldorado Gold shares last traded at $0.84, with a volume of 9691900 shares.
A number of research firms have recently weighed in on EGO. TD Securities reduced their target price on shares of Eldorado Gold from $1.60 to $1.20 and set a “hold” rating on the stock in a report on Friday, March 23rd. Scotiabank dropped their price target on shares of Eldorado Gold from $2.00 to $1.50 and set a “hold” rating for the company in a research note on Friday, March 23rd. Zacks Investment Research cut shares of Eldorado Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Desjardins reaffirmed a “hold” rating on shares of Eldorado Gold in a research note on Monday, December 11th. Finally, Credit Suisse Group raised shares of Eldorado Gold from an “underperform” rating to a “neutral” rating and set a $1.60 price target for the company in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Eldorado Gold currently has an average rating of “Hold” and an average target price of $1.45.
The company has a current ratio of 6.46, a quick ratio of 6.16 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $666.97, a P/E ratio of 42.00, a PEG ratio of 7.75 and a beta of 1.25.
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 also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.
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