Eldorado Gold Corp (ELD) Downgraded to “Neutral” at J P Morgan Chase & Co

J P Morgan Chase & Co lowered shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) from an overweight rating to a neutral rating in a research note released on Monday.

Several other equities analysts have also weighed in on the company. BMO Capital Markets cut their price target on Eldorado Gold Corp from C$4.00 to C$2.50 and set a market perform rating for the company in a research note on Tuesday, September 12th. Royal Bank Of Canada lowered Eldorado Gold Corp from a sector perform rating to an underperform rating and set a C$2.35 price objective for the company. in a research note on Wednesday, October 25th. Scotiabank cut their price objective on Eldorado Gold Corp to C$3.60 and set a sector perform rating for the company in a research note on Tuesday, September 12th. TD Securities cut their price objective on Eldorado Gold Corp to C$5.15 and set a buy rating for the company in a research note on Tuesday, September 12th. Finally, Canaccord Genuity cut their price objective on Eldorado Gold Corp from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of C$3.58.

Shares of Eldorado Gold Corp (TSE:ELD) traded down C$0.02 during trading on Monday, hitting C$1.50. The company had a trading volume of 2,794,685 shares, compared to its average volume of 3,491,686. Eldorado Gold Corp has a 1 year low of C$1.47 and a 1 year high of C$5.13.

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About Eldorado Gold Corp

Eldorado Gold Corp is a Canada-based 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, the Tocantinzinho project and exploration activities in Brazil.

Analyst Recommendations for Eldorado Gold Corp (TSE:ELD)

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