RBC Capital Remains a Hold on Eldorado Gold (EGO)

In a report released on December 5, Josh Wolfson from RBC Capital maintained a Hold rating on Eldorado Gold (EGOResearch Report), with a price target of $9.00. The company’s shares closed yesterday at $8.14.

Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Barrick Gold, and Wheaton Precious Metals. According to TipRanks, Wolfson has an average return of 0.0% and a 53.21% success rate on recommended stocks.

Currently, the analyst consensus on Eldorado Gold is a Strong Buy with an average price target of $10.74.

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EGO market cap is currently $1.48B and has a P/E ratio of -3.41.

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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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