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Eldorado Gold (EGO) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Thu Apr 16, 8:55PM CDT

RBC Capital analyst Josh Wolfson maintained a Hold rating on Eldorado Gold yesterday and set a price target of $50.00.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Barrick Mining, and Franco-Nevada. According to TipRanks, Wolfson has an average return of 24.7% and a 68.68% success rate on recommended stocks.

In addition to RBC Capital, Eldorado Gold also received a Hold from Stifel Nicolaus’s Ingrid Rico in a report issued yesterday. However, on the same day, National Bank maintained a Buy rating on Eldorado Gold (NYSE: EGO).

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EGO market cap is currently C$10.12B and has a P/E ratio of 14.13.

Based on the recent corporate insider activity of 320 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EGO in relation to earlier this year.

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