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BMO Capital Remains a Buy on Eldorado Gold (EGO)

Tipranks - Tipranks - Sat May 2, 7:08AM CDT

In a report released today, Brian Quast from BMO Capital maintained a Buy rating on Eldorado Gold, with a price target of C$82.00.

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Quast covers the Basic Materials sector, focusing on stocks such as Liberty Gold, Eldorado Gold, and Alkane Resources Ltd. According to TipRanks, Quast has an average return of 23.8% and a 59.74% success rate on recommended stocks.

In addition to BMO Capital, Eldorado Gold also received a Buy from Scotiabank’s Tanya Jakusconek in a report issued on April 21. However, on April 20, Canaccord Genuity maintained a Hold rating on Eldorado Gold (NYSE: EGO).

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The company has a one-year high of C$69.46 and a one-year low of C$23.99. Currently, Eldorado Gold has an average volume of 862.4K.

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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