Will Eldorado Gold Corp Go Down Anytime Soon?

 Will Eldorado Gold Corp Go Down Anytime Soon?

The stock of Eldorado Gold Corp (TSE:ELD) is a huge mover today! About 744,861 shares traded hands. Eldorado Gold Corp (TSE:ELD) has declined 19.39% since April 14, 2016 and is downtrending. It has underperformed by 23.82% the S&P500.
The move comes after 6 months positive chart setup for the $2.77B company. It was reported on Nov, 18 by Barchart.com. We have $4.72 PT which if reached, will make TSE:ELD worth $775.60M 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 77.24% above today’s ($3.69) stock price. Eldorado Gold Corporation has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “” rating on Thursday, August 11 by Goldman Sachs. The company was maintained on Tuesday, August 30 by RBC Capital Markets. The firm earned “Overweight” rating on Thursday, February 4 by JP Morgan. As per Monday, September 19, the company rating was maintained by Dundee Securities. Paradigm Research upgraded it to “Buy” rating and $7 target price in Tuesday, September 22 report. The stock of Eldorado Gold Corp (TSE:ELD) earned “Buy” rating by Canaccord Genuity on Wednesday, January 13. Canaccord Genuity downgraded the stock to “Buy” rating in Monday, August 24 report. The stock of Eldorado Gold Corp (TSE:ELD) has “Buy” rating given on Friday, October 28 by TD Securities.

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 $2.77 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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