Wall Street Sours on Eldorado Gold Corp., Sending Its Shares Down as Much as 13%
Shares of Eldorado Gold (NYSE: EGO), a junior miner with assets in Greece and Turkey, are plunging once again. This time shares of the gold miner dropped by as much as 13%, bringing its losses over the past three trading sessions to a whopping 40%! The culprit for today's drop appears to be a host of Wall Street downgrades following the company's update on its key Kisladag mine in Turkey on Monday.
For those who may not be following Eldorado Gold like a hawk, the company wound up losing more than a quarter of its value on Monday, Oct. 23, after providing a full-year production update for its Kisladag mine.
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Source: Fool.com
Eldorado Gold Corp. Stock
€15.60
-1.150%
Currently there is a rather positive sentiment for Eldorado Gold Corp. with 5 Buy predictions and 1 Sell predictions.
With a target price of 18 € there is a slightly positive potential of 15.38% for Eldorado Gold Corp. compared to the current price of 15.6 €.
