Is Selling Eldorado Gold Corp Here a Winning Strategy?

 Is Selling Eldorado Gold Corp Here a Winning Strategy?

The stock of Eldorado Gold Corp (TSE:ELD) is a huge mover today! About 1.27M shares traded hands. Eldorado Gold Corp (TSE:ELD) has declined 22.65% since April 19, 2016 and is downtrending. It has underperformed by 27.98% the S&P500.
The move comes after 6 months negative chart setup for the $2.56B company. It was reported on Nov, 23 by Barchart.com. We have $3.35 PT which if reached, will make TSE:ELD worth $153.60M 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 83.71% above today’s ($3.56) stock price. Eldorado Gold Corporation has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. TD Securities maintained Eldorado Gold Corp (TSE:ELD) rating on Friday, October 28. TD Securities has “Buy” rating and $6 price target. The rating was maintained by Goldman Sachs on Thursday, August 11 with “”. The company was downgraded on Monday, August 24 by Canaccord Genuity. The rating was maintained by RBC Capital Markets on Tuesday, August 30 with “Outperform”. The stock has “Overweight” rating given by JP Morgan on Thursday, February 4. Dundee Securities maintained Eldorado Gold Corp (TSE:ELD) rating on Monday, September 19. Dundee Securities has “Neutral” rating and $6 price target. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, January 13. The stock of Eldorado Gold Corp (TSE:ELD) earned “Buy” rating by Paradigm Research on Tuesday, September 22.

Another recent and important Eldorado Gold Corp (TSE:ELD) news was published by Streetinsider.com which published an article titled: “Form 6-K ELDORADO GOLD CORP /FI For: Nov 22” on November 22, 2016.

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 $2.56 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.

Related posts

Leave a Comment