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Eldorado Gold (EGO) Receives a Hold from CIBC

Tipranks - Tipranks - Sat May 2, 11:56AM CDT

CIBC analyst Cosmos Chiu maintained a Hold rating on Eldorado Gold today and set a price target of $54.00.

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Chiu covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, Alamos Gold, and OceanaGold. According to TipRanks, Chiu has an average return of 21.7% and a 58.64% success rate on recommended stocks.

In addition to CIBC, Eldorado Gold also received a Hold from Stifel Nicolaus’s Ralph M. Profiti in a report issued today. However, on the same day, BMO Capital maintained a Buy rating on Eldorado Gold (NYSE: EGO).

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EGO market cap is currently C$11.05B 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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