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Eldorado Gold (EGO) Receives a Buy from Scotiabank

Tipranks - Tipranks - Mon May 4, 6:20AM CDT

In a report released on May 1, Tanya Jakusconek from Scotiabank maintained a Buy rating on Eldorado Gold, with a price target of $56.00. The company’s shares closed last Friday at C$40.53.

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Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Eldorado Gold, and Agnico Eagle. According to TipRanks, Jakusconek has an average return of 21.8% and a 62.30% success rate on recommended stocks.

In addition to Scotiabank, Eldorado Gold also received a Buy from BMO Capital’s Brian Quast in a report issued on May 1. However, on the same day, Stifel Nicolaus maintained a Hold rating on Eldorado Gold (NYSE: EGO).

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EGO market cap is currently C$10.67B and has a P/E ratio of 12.45.

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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