Stifel Nicolaus analyst Ingrid Rico reiterated a Buy rating on Eldorado Gold (EGO – Research Report) today and set a price target of C$15.50. The company’s shares closed last Friday at $10.78.
Rico covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, Sandstorm Gold, and B2Gold. According to TipRanks, Rico has an average return of -0.5% and a 45.95% success rate on recommended stocks.
Currently, the analyst consensus on Eldorado Gold is a Moderate Buy with an average price target of $11.24, a 4.27% upside from current levels. In a report released on October 27, BMO Capital also maintained a Buy rating on the stock with a C$17.00 price target.
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EGO market cap is currently $2.19B and has a P/E ratio of -85.90.
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Eldorado Gold (EGO) Company Description:
Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.
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