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Analysts Offer Insights on Materials Companies: Canfor (OtherCFPZF) and Eldorado Gold (EGO)

Tipranks - Tue Apr 21, 7:06AM CDT

Analysts fell to the sidelines weighing in on Canfor (CFPZF) and Eldorado Gold (EGO) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Canfor (CFPZF)

BMO Capital analyst Ketan Mamtora maintained a Hold rating on Canfor today and set a price target of C$15.00. The company’s shares closed last Friday at $9.47.

According to TipRanks.com, Mamtora is a 4-star analyst with an average return of 13.4% and a 65.2% success rate. Mamtora covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Builders Firstsource, and Louisiana-Pacific. ;'>

Currently, the analyst consensus on Canfor is a Hold with an average price target of $11.31, representing a 23.6% upside. In a report issued on April 16, RBC Capital also downgraded the stock to Hold with a C$15.00 price target.

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Eldorado Gold (EGO)

In a report released today, Carey MacRury from Canaccord Genuity maintained a Hold rating on Eldorado Gold, with a price target of C$58.00. The company’s shares closed last Friday at $34.52.

According to TipRanks.com, MacRury is a top 100 analyst with an average return of 32.7% and a 68.6% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Metalla Royalty & Streaming, Wheaton Precious Metals, and Novagold Resources New. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Eldorado Gold with a $50.52 average price target, a 44.9% upside from current levels. In a report issued on April 5, TipRanks – OpenAI also downgraded the stock to Hold with a C$54.00 price target.

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