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

J P Morgan Chase & Co lowered shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) from an overweight rating to a neutral rating in a research report released on Monday.

Several other brokerages also recently weighed in on ELD. BMO Capital Markets upped their price objective on Eldorado Gold Corp from C$2.50 to C$3.50 and gave the stock a market perform rating in a research report on Saturday, September 23rd. Scotiabank dropped their price objective on Eldorado Gold Corp to C$3.60 and set a sector perform rating for the company in a research report on Tuesday, September 12th. TD Securities dropped their price objective on Eldorado Gold Corp to C$5.15 and set a buy rating for the company in a research report on Tuesday, September 12th. Canaccord Genuity dropped their price objective on Eldorado Gold Corp from C$3.25 to C$2.25 in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada downgraded Eldorado Gold Corp from a sector perform rating to an underperform rating and set a C$2.35 price objective for the company. in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Eldorado Gold Corp has a consensus rating of Hold and a consensus target price of C$3.58.

Shares of Eldorado Gold Corp (ELD) opened at C$1.51 on Monday. Eldorado Gold Corp has a 1 year low of C$1.44 and a 1 year high of C$5.13.

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About Eldorado Gold Corp

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 Corp (TSE:ELD)

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