Eldorado Gold (TSE:ELD) Rating Lowered to Hold at Royal Bank Of Canada

Eldorado Gold (TSE:ELD) (NYSE:EGO) was downgraded by stock analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a report released on Tuesday, MarketBeat Ratings reports. They currently have a C$48.00 price objective on the stock, up from their previous price objective of C$47.00. Royal Bank Of Canada’s price objective indicates a potential downside of 25.25% from the stock’s previous close.

A number of other analysts also recently weighed in on ELD. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Canaccord Genuity Group decreased their price target on Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. BMO Capital Markets lifted their price objective on Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Stifel Nicolaus increased their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Finally, ATB Cormark Capital Markets dropped their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$58.93.

Eldorado Gold Stock Up 3.8%

Shares of TSE ELD opened at C$64.21 on Tuesday. The company has a 50 day simple moving average of C$55.29 and a 200 day simple moving average of C$43.74. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. Eldorado Gold has a 1 year low of C$18.94 and a 1 year high of C$69.46. The firm has a market cap of C$12.91 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44.

Eldorado Gold Company Profile

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.