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

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective cut by analysts at Cormark from C$33.50 to C$30.00 in a research note issued on Monday,BayStreet.CA reports. Cormark’s price objective would suggest a potential upside of 46.27% from the stock’s previous close.

ELD has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th. National Bankshares decreased their target price on 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. Finally, BMO Capital Markets dropped 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 3.2 %

Shares of ELD traded up C$0.63 during midday trading on Monday, reaching C$20.51. The stock had a trading volume of 550,615 shares, compared to its average volume of 417,610. The company has a market cap of C$4.20 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 56.20 and a beta of 1.22. The company’s fifty day simple moving average is C$22.10 and its two-hundred day simple moving average is C$22.87. Eldorado Gold has a 1-year low of C$13.10 and a 1-year high of C$26.32. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28.

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.