BMO Capital Markets Cuts Eldorado Gold (TSE:ELD) Price Target to C$27.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price dropped by research analysts at BMO Capital Markets from C$29.00 to C$27.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 34.87% from the stock’s previous close.

Several other brokerages also recently commented on ELD. National Bankshares cut their target price on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Stifel Nicolaus lowered their price target on Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th.

Eldorado Gold Trading Down 11.5 %

Shares of ELD opened at C$20.02 on Friday. The business’s fifty day moving average is C$22.15 and its 200-day moving average is C$22.90. The firm has a market cap of C$4.10 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. Eldorado Gold has a 52-week low of C$13.10 and a 52-week high of C$26.32.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.