Desjardins Reiterates Their Sell Rating on Eldorado Gold (ELD)


Eldorado Gold (ELD) has received a rating update from a Wall Street analyst on December 29. Analyst Josh Wolfson from Desjardins reiterated a Sell rating, with a C$5 price target on December 29.

According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 2.6% and a 50.6% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Randgold Resources Limited, and Osisko Gold Royalties Ltd.

Currently, the analyst consensus on Eldorado Gold is a Hold with an average price target of C$1.27.

Eldorado Gold’s market cap is currently C$609.4M and has a P/E ratio of 0.

Eldorado Gold Corp. engages in the development and exploration of mineral properties. It owns and operates gold, silver, lead, and zinc mines. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.

The company’s shares closed on Friday at C$0.77, close to its 52-week low of C$0.73.