Research analysts at HSBC cut their target price on shares of Eldorado Gold (NYSE: EGO) from $15.80 to $12.50 in a report released on Monday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock.

Eldorado Gold (NYSE: EGO) traded up 0.94% on Monday, hitting $7.55. Eldorado Gold has a 1-year low of $6.59 and a 1-year high of $16.20. The stock’s 50-day moving average is currently $7.. The company has a market cap of $5.395 billion and a price-to-earnings ratio of 27.81.

Eldorado Gold (NYSE: EGO) last issued its quarterly earnings data on Friday, February 22nd. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.01. During the same quarter last year, the company posted $0.16 earnings per share. On average, analysts predict that Eldorado Gold will post $0.44 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Raymond James cut their price target on shares of Eldorado Gold from $18.00 to $15.50 in a research note to investors on Thursday, April 25th. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Eldorado Gold from $16.00 to $12.00 in a research note to investors on Wednesday, April 24th. Finally, analysts at Barclays Capital cut their price target on shares of Eldorado Gold from $13.00 to $9.00 in a research note to investors on Monday, April 22nd. They now have an “equal weight” rating on the stock.

One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $13.60.

Eldorado Gold Corporation (NYSE: EGO) is a gold exploration, development, mining and production company.