It Seems Eldorado Gold Corp Will Go Down. Have Another Big Decline

 It Seems Eldorado Gold Corp Will Go Down. Have Another Big Decline

The stock of Eldorado Gold Corp (TSE:ELD) is a huge mover today! About 756,650 shares traded hands. Eldorado Gold Corp (TSE:ELD) has risen 4.20% since April 6, 2016 and is uptrending. It has underperformed by 1.45% the S&P500.
The move comes after 8 months negative chart setup for the $2.92B company. It was reported on Nov, 10 by We have $3.68 PT which if reached, will make TSE:ELD worth $262.80M 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. $9 is the highest target while $3 is the lowest. The $6.54 average target is 61.88% above today’s ($4.04) stock price. Eldorado Gold Corporation has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Canaccord Genuity upgraded Eldorado Gold Corp (TSE:ELD) on Wednesday, January 13 to “Buy” rating. TD Securities maintained the stock with “Buy” rating in Friday, October 28 report. As per Thursday, August 11, the company rating was maintained by Goldman Sachs. The rating was maintained by Dundee Securities on Monday, September 19 with “Neutral”. The rating was initiated by JP Morgan with “Overweight” on Thursday, February 4. Canaccord Genuity downgraded the shares of ELD in a report on Monday, August 24 to “Buy” rating. On Tuesday, September 22 the stock rating was upgraded by Paradigm Research to “Buy”. The firm earned “Outperform” rating on Tuesday, August 30 by RBC Capital Markets.

More news for Eldorado Gold Corp (TSE:ELD) were recently published by:, which released: “Why Eldorado Gold Corp Shares Jumped 22% in September” on October 11, 2016.‘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 $2.92 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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