June 12, 2017 / 5:06 PM / in 6 months

BUZZ-Eldorado Gold Corp: Shares drop on PT cut

** U.S.-listed shares of Canadian gold miner fall as much as 8.6 pct to $2.65, hit 6-month low after Eight Capital cuts PT on stock

** Toronto-listed shares down nearly 8 pct at C$3.58; biggest pct loser on the TSX

** Brokerage cuts PT to C$5.25 from C$6 citing political uncertainty over Greece’s decision last week to seek arbitration against Eldorado’s projects in the country

** Despite having substantial local support, the opposition is vocal of its disapproval says Eight Capital and calls Greek elections a “key catalyst” for the stock

** However, brokerages are largely bullish with 11 out of 14 covering the stock rating “buy” or higher and 3 recommending “hold”; Median PT C$6

** Up to Friday’s close, co’s NYSE shares had lost more than a third of their value in the last 12 months

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