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Eldorado Gold (EGO) Receives a Hold from RBC Capital

RBC Capital analyst Josh Wolfson maintained a Hold rating on Eldorado Gold (EGOResearch Report) on July 25 and set a price target of $11.00. The company’s shares closed last Wednesday at $5.77, close to its 52-week low of $5.27.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -3.7% and a 41.3% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Eldorado Gold has an analyst consensus of Moderate Buy, with a price target consensus of $11.04.

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Eldorado Gold’s market cap is currently $1.04B and has a P/E ratio of -2.20.

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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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