Eight Capital Raises Eldorado Gold (TSE:ELD) Price Target to C$10.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective increased by Eight Capital from C$6.25 to C$10.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity increased their target price on shares of Eldorado Gold from C$7.00 to C$9.00 in a research note on Friday, July 19th. JPMorgan Chase & Co. increased their target price on shares of Eldorado Gold from C$8.00 to C$9.00 in a research note on Monday, July 8th. CIBC raised shares of Eldorado Gold from an underperform rating to a neutral rating and increased their target price for the company from C$3.00 to C$7.00 in a research note on Thursday, July 11th. Finally, National Bank Financial increased their target price on shares of Eldorado Gold from C$9.50 to C$11.00 and gave the company a sector perform rating in a research note on Tuesday, July 23rd.

Shares of ELD opened at C$10.86 on Thursday. Eldorado Gold has a twelve month low of C$3.36 and a twelve month high of C$11.89. The stock has a market capitalization of $1.74 billion and a P/E ratio of -4.77. The company has a current ratio of 2.20, a quick ratio of 1.29 and a debt-to-equity ratio of 15.24. The company has a fifty day moving average price of C$9.19.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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