Eldorado Gold Corp Just Recorded A Sigfniciant Decline

 Eldorado Gold Corp Just Recorded A Sigfniciant Decline

The stock of Eldorado Gold Corp (TSE:ELD) is a huge mover today! About 2.23 million shares traded hands. Eldorado Gold Corp (TSE:ELD) has risen 10.15% since March 24, 2016 and is uptrending. It has outperformed by 6.67% the S&P500.
The move comes after 9 months negative chart setup for the $3.06 billion company. It was reported on Oct, 31 by Barchart.com. We have $3.92 PT which if reached, will make TSE:ELD worth $244.80M less.

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. Eldorado Gold Corporation has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Dundee Securities with “Neutral” on Monday, September 19. The firm has “Overweight” rating by JP Morgan given on Thursday, February 4. The firm earned “Outperform” rating on Tuesday, August 30 by RBC Capital Markets. The company was maintained on Friday, October 28 by TD Securities. Canaccord Genuity upgraded the shares of ELD in a report on Wednesday, January 13 to “Buy” rating. Paradigm Research upgraded the stock to “Buy” rating in Tuesday, September 22 report. As per Thursday, August 11, the company rating was maintained by Goldman Sachs. Canaccord Genuity downgraded Eldorado Gold Corp (TSE:ELD) on Monday, August 24 to “Buy” rating.

More recent Eldorado Gold Corp (TSE:ELD) news were published by: Fool.com which released: “Why Eldorado Gold Corp Shares Jumped 22% in September” on October 11, 2016. Also Fool.ca published the news titled: “Eldorado Gold Corp.: 1 of the Best Contrarian Plays on Gold” on October 17, 2016. Seekingalpha.com‘s news article titled: “Eldorado Gold’s (ELDXF) CEO Paul Wright on Q3 2016 Results – Earnings Call …” with publication date: October 28, 2016 was also an interesting one.

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 $3.06 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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