Eldorado Gold Corp Declines Again; Strong Momentum for Sellers


The stock of Eldorado Gold Corp (TSE:ELD) is a huge mover today! About 3.08M shares traded hands. Eldorado Gold Corp (TSE:ELD) has risen 23.87% since February 5, 2016 and is uptrending. It has outperformed by 7.38% the S&P500.
The move comes after 7 months negative chart setup for the $3.69B company. It was reported on Sep, 13 by Barchart.com. We have $4.33 PT which if reached, will make TSE:ELD worth $332.10M less.

Out of 4 analysts covering Eldorado Gold Corporation (TSE:ELD), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Eldorado Gold Corporation has been the topic of 12 analyst reports since September 22, 2015 according to StockzIntelligence Inc.

Eldorado Gold Corporation owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The company has a market cap of $3.69 billion. The Company’s activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. It currently has negative earnings. The Company’s business is focused in Brazil, China, Greece, Turkey and Romania.

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