BofA analyst Harmen Puri reinstated coverage of Eldorado Gold with an Underperform rating and $8.90 price target, which suggests 3% downside. The analyst sees heightened execution risk for Eldorado with Greece being viewed as a challenging mining jurisdiction. The stock’s valuation is "rich" at current levels and the execution risk will become more apparent in 2023 and 2024, the analyst tells investors in a research note.
Published first on TheFly
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- Eldorado Gold price target lowered to C$13.50 from C$14 at National Bank
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- Eldorado Gold price target raised to C$14 from C$13.75 at National Bank
