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Eldorado Gold (EGO) Receives a Hold from RBC Capital
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Eldorado Gold (EGO) Receives a Hold from RBC Capital

RBC Capital analyst Michael Siperco maintained a Hold rating on Eldorado Gold (EGOResearch Report) on March 28 and set a price target of $12.00. The company’s shares closed last Thursday at $14.07.

Siperco covers the Basic Materials sector, focusing on stocks such as SSR Mining, Alamos Gold, and Eldorado Gold. According to TipRanks, Siperco has an average return of -2.8% and a 45.60% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Eldorado Gold with a $12.97 average price target, representing a -7.82% downside. In a report released on March 27, Canaccord Genuity also maintained a Hold rating on the stock with a C$19.00 price target.

EGO market cap is currently $2.86B and has a P/E ratio of 27.34.

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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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