Is Buying Eldorado Gold Corp Here a Winning Strategy?

 Is Buying Eldorado Gold Corp Here a Winning Strategy?

The stock of Eldorado Gold Corp (TSE:ELD) is a huge mover today! About 551,838 shares traded hands. Eldorado Gold Corp (TSE:ELD) has risen 2.91% since March 11, 2016 and is uptrending. It has underperformed by 2.58% the S&P500.
The move comes after 6 months positive chart setup for the $3.36 billion company. It was reported on Oct, 18 by Barchart.com. We have $6.40 PT which if reached, will make TSE:ELD worth $1.24 billion more.

Eldorado Gold Corp (TSE:ELD) Ratings Coverage

Out of 7 analysts covering Eldorado Gold Corporation (TSE:ELD), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $9 is the highest target while $3 is the lowest. The $6.62 average target is 41.76% above today’s ($4.67) stock price. Eldorado Gold Corporation has been the topic of 19 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Eldorado Gold Corp (TSE:ELD) earned “Overweight” rating by JP Morgan on Thursday, February 4. Canaccord Genuity downgraded the stock to “Buy” rating in Monday, August 24 report. On Tuesday, September 22 the stock rating was upgraded by Paradigm Research to “Buy”. On Monday, September 19 the stock rating was maintained by Dundee Securities with “Neutral”. The firm earned “Buy” rating on Wednesday, January 13 by Canaccord Genuity. The firm earned “Outperform” rating on Tuesday, August 30 by RBC Capital Markets. The firm has “” rating given on Thursday, August 11 by Goldman Sachs.

More news for Eldorado Gold Corp (TSE:ELD) were recently published by: Fool.ca, which released: “Eldorado Gold Corp.: 1 of the Best Contrarian Plays on Gold” on October 17, 2016. Fool.com‘s article titled: “Why Eldorado Gold Corp Shares Jumped 22% in September” and published on October 11, 2016 is yet another important article.

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 $3.36 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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