Eldorado Gold Corporation – Consensus Indicates Potential -77.8% Downside

Broker Ratings

Eldorado Gold Corporation found using ticker (EGO) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 4.33 and 1.18 with the average target price sitting at 1.83. Given that the stocks previous close was at 8.26 this would indicate that there is a downside of -77.8%. The 50 day moving average now sits at 8.76 while the 200 day moving average is 10.38. The company has a market cap of $1,547m. Company Website: http://www.eldoradogold.com

Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore. It holds 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as 80.5% interest in the Certej and Bolcana development projects located in Romania; and 100% interest in the Tocantinzinho development project located in Brazil. 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.

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