On April 23, an analyst has provided a rating update for the Materials sector company, Eldorado Gold (ELD). GMP FirstEnergy’s analyst Steven Butler reiterates their Buy rating on the shares, with a C$7.25 price target.
According to TipRanks.com, Butler ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.2% and a 35.0% success rate. Butler covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Barrick Gold Corporation, and Kirkland Lake Gold Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eldorado Gold with a C$6.56 average price target.
Based on Eldorado Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$288 million. In comparison, last year the company had a net profit of C$11.03 million.
Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. 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 Thursday at C$5.55.
