BMO Capital Markets Issues Pessimistic Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price lowered by BMO Capital Markets from C$29.00 to C$27.00 in a research note published on Friday morning,BayStreet.CA reports.

ELD has been the topic of several other reports. National Bankshares lowered their target price on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Stifel Nicolaus lowered their price objective on Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th.

Eldorado Gold Stock Down 0.7 %

Shares of ELD stock opened at C$19.88 on Friday. The company has a 50 day simple moving average of C$22.10 and a two-hundred day simple moving average of C$22.88. The stock has a market cap of C$4.07 billion, a P/E ratio of 16.57, a P/E/G ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 12 month low of C$13.10 and a 12 month high of C$26.32. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85.

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.