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Eldorado Gold Co. (TSE:ELD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Eldorado Gold Co. (TSE:ELDGet Rating) (NYSE:EGO) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$13.27.

Several research analysts recently commented on ELD shares. Cormark reduced their target price on shares of Eldorado Gold from C$13.50 to C$12.00 in a report on Tuesday, August 2nd. Stifel Nicolaus reduced their target price on shares of Eldorado Gold from C$18.00 to C$17.00 in a report on Wednesday, October 19th. National Bankshares reduced their target price on shares of Eldorado Gold from C$15.50 to C$13.50 in a report on Monday, October 31st. Finally, Canaccord Genuity Group reduced their target price on shares of Eldorado Gold from C$12.00 to C$11.00 in a report on Thursday, October 20th.

Eldorado Gold Stock Up 2.1 %

Eldorado Gold stock opened at C$9.14 on Friday. The stock has a market capitalization of C$1.69 billion and a PE ratio of -2.76. Eldorado Gold has a twelve month low of C$6.87 and a twelve month high of C$15.73. The company has a quick ratio of 2.28, a current ratio of 3.61 and a debt-to-equity ratio of 16.28. The company has a 50 day moving average of C$8.32 and a 200-day moving average of C$8.66.

About Eldorado Gold

(Get Rating)

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.

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Analyst Recommendations for Eldorado Gold (TSE:ELD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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