Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1992 and is headquartered in Vancouver, Canada.
Eldorado Gold Stock Performance
Shares of NYSE:EGO opened at $6.05 on Friday. The firm has a fifty day moving average price of $6.68 and a 200 day moving average price of $9.01. The company has a current ratio of 3.47, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Eldorado Gold has a 1-year low of $5.27 and a 1-year high of $12.49.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised shares of Eldorado Gold from a "hold" rating to a "buy" rating and cut their target price for the stock from C$17.00 to C$12.00 in a research note on Wednesday, July 20th. TD Securities dropped their price objective on shares of Eldorado Gold from $8.50 to $7.50 and set a "hold" rating on the stock in a research report on Wednesday. Canaccord Genuity Group raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, July 20th. TheStreet downgraded shares of Eldorado Gold from a "c" rating to a "d+" rating in a research report on Wednesday, May 18th. Finally, National Bank Financial increased their target price on shares of Eldorado Gold from C$15.00 to C$15.50 in a research report on Tuesday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.10.