Eldorado Gold price target lowered to $19 from $20 at TD Securities

TD Securities lowered the firm’s price target on Eldorado Gold (EGO) to $19 from $20 and keeps a Hold rating on the shares. Operationally, the company’s Q3 was slightly weaker than forecasts, and it tightened the production guidance range to the lower end, the analyst tells investors in a research note. The firm says Skouries construction remains in full swing although spending is slightly behind schedule.