Analysts Set Eldorado Gold Corp (EGO) Price Target at $1.14
Shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1.14.
EGO has been the topic of several analyst reports. ValuEngine upgraded Eldorado Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, June 2nd. TD Securities downgraded Eldorado Gold from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $1.15 to $0.80 in a report on Thursday, September 6th.
Shares of NYSE:EGO traded down $0.02 during mid-day trading on Friday, hitting $0.83. 128,506 shares of the company traded hands, compared to its average volume of 4,405,109. The company has a market cap of $691.58 million, a P/E ratio of 41.50, a PEG ratio of 26.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.59 and a current ratio of 7.19. Eldorado Gold has a 52-week low of $0.80 and a 52-week high of $2.44.
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 Tocantinzinho gold project in Brazil.
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