Eldorado Gold Corp (ELD) Trading Down 5.9%

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) traded down 5.9% on Tuesday . The company traded as low as C$2.68 and last traded at C$2.70. 1,513,542 shares were traded during mid-day trading, a decline of 39% from the average session volume of 2,489,340 shares. The stock had previously closed at C$2.87.

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity lowered shares of Eldorado Gold Corp from a “buy” rating to a “speculative buy” rating and set a C$6.00 price objective for the company. in a report on Thursday, June 15th. BMO Capital Markets reiterated a “market perform” rating and set a C$4.00 price target on shares of Eldorado Gold Corp in a report on Tuesday, July 11th. TD Securities lowered their price target on shares of Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a report on Tuesday, September 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$5.70 price target on shares of Eldorado Gold Corp in a report on Friday, May 26th. Finally, Eight Capital lowered their price target on shares of Eldorado Gold Corp from C$6.00 to C$5.25 in a report on Monday, June 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$4.79.

The company’s 50 day moving average price is $2.51 and its 200-day moving average price is $3.69. The stock’s market capitalization is $1.97 billion.

In related news, Director Paul Nicholas Wright purchased 12,500 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was bought at an average cost of C$2.60 per share, for a total transaction of C$32,500.00.

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About Eldorado Gold Corp

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

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