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 515,146 shares traded hands. Eldorado Gold Corp (TSE:ELD) has risen 7.60% since April 1, 2016 and is uptrending. It has outperformed by 5.64% the S&P500.
The move comes after 8 months positive chart setup for the $3.06B company. It was reported on Nov, 8 by Barchart.com. We have $5.35 PT which if reached, will make TSE:ELD worth $765.00 million 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 $6.54 average target is 52.80% above today’s ($4.28) stock price. Eldorado Gold Corporation has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, August 24 by Canaccord Genuity. The firm earned “Buy” rating on Tuesday, September 22 by Paradigm Research. The firm earned “Outperform” rating on Tuesday, August 30 by RBC Capital Markets. The stock of Eldorado Gold Corp (TSE:ELD) earned “Neutral” rating by Dundee Securities on Monday, September 19. The rating was initiated by JP Morgan on Thursday, February 4 with “Overweight”. On Thursday, August 11 the stock rating was maintained by Goldman Sachs with “”. TD Securities maintained Eldorado Gold Corp (TSE:ELD) rating on Friday, October 28. TD Securities has “Buy” rating and $6 price target. Canaccord Genuity upgraded the shares of ELD in a report on Wednesday, January 13 to “Buy” rating.

More news for Eldorado Gold Corp (TSE:ELD) were recently published by: Fool.com, which released: “Why Eldorado Gold Corp Shares Jumped 22% in September” on October 11, 2016. Forbes.com‘s article titled: “RSI Alert: Eldorado Gold (ELD) Now Oversold” and published on November 07, 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 $3.06 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment