Eldorado Gold (ELD) Cut to “Neutral” at J P Morgan Chase & Co

Eldorado Gold (TSE:ELD) (NYSE:EGO) was downgraded by equities researchers at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued on Monday, November 13th.

A number of other research firms have also issued reports on ELD. Scotiabank reduced their target price on shares of Eldorado Gold to C$3.60 and set a “sector perform” rating on the stock in a report on Tuesday, September 12th. Canaccord Genuity reduced their target price on shares of Eldorado Gold from C$3.25 to C$2.25 in a report on Tuesday, October 24th. Royal Bank Of Canada lowered shares of Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 target price on the stock. in a report on Wednesday, October 25th. BMO Capital Markets reduced their target price on shares of Eldorado Gold from C$2.25 to C$1.75 in a report on Monday, November 13th. Finally, TD Securities reduced their target price on shares of Eldorado Gold to C$5.15 and set a “buy” rating on the stock in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$3.42.

Eldorado Gold (ELD) traded down C$0.01 during trading on Monday, reaching C$1.47. 1,350,000 shares of the company’s stock were exchanged, compared to its average volume of 2,940,000. Eldorado Gold has a 12 month low of C$1.43 and a 12 month high of C$5.13.

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About Eldorado Gold

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.

Analyst Recommendations for Eldorado Gold (TSE:ELD)

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