Eldorado Gold (TSE:ELD) Stock Price Down 4.5%

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO)’s stock price traded down 4.5% during mid-day trading on Wednesday . The company traded as low as C$10.38 and last traded at C$10.39, 293,127 shares changed hands during trading. A decline of 75% from the average session volume of 1,160,644 shares. The stock had previously closed at C$10.88.

Several equities research analysts have weighed in on ELD shares. Eight Capital increased their price objective on Eldorado Gold from C$6.25 to C$10.00 in a report on Thursday, August 8th. National Bank Financial decreased their target price on Eldorado Gold from C$15.00 to C$13.50 and set an “outperform” rating for the company in a report on Monday, November 18th. BMO Capital Markets raised their price target on Eldorado Gold from C$12.50 to C$16.00 in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Eldorado Gold from C$10.00 to C$13.00 in a research report on Wednesday, August 14th.

The stock has a market cap of $1.73 billion and a P/E ratio of -7.21. The company has a debt-to-equity ratio of 15.28, a quick ratio of 1.20 and a current ratio of 2.26. The firm has a 50-day moving average price of C$10.47 and a 200-day moving average price of C$9.47.

In other Eldorado Gold news, Senior Officer Jason Cho sold 5,201 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of C$10.31, for a total transaction of C$53,622.31. Following the completion of the transaction, the insider now owns 22,664 shares of the company’s stock, valued at C$233,665.84.

Eldorado Gold Company Profile (TSE:ELD)

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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