Cormark Issues Pessimistic Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective decreased by Cormark from C$33.50 to C$30.00 in a research note published on Monday,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. National Bankshares decreased their price objective on shares of Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Stifel Nicolaus decreased their price target on shares of Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th. Finally, BMO Capital Markets decreased their price target on shares of Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday.

Eldorado Gold Stock Up 4.4 %

Shares of TSE ELD opened at C$20.76 on Monday. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The company has a market cap of C$4.25 billion, a P/E ratio of 17.30, a PEG ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 1 year low of C$13.10 and a 1 year high of C$26.32. The firm has a 50-day simple moving average of C$22.07 and a two-hundred day simple moving average of C$22.86.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.