Eldorado Gold (ELD) Gets a Buy Rating from GMP FirstEnergy


Eldorado Gold (ELD), the Materials sector company, was revisited by a Wall Street analyst on January 31. Analyst Steven Butler from GMP FirstEnergy rated Eldorado Gold (ELD) a Buy on January 31, setting a C$9.50 price target.

According to TipRanks.com, Butler is ranked #4809 out of 5142 analysts.

Currently, the analyst consensus on Eldorado Gold is a Moderate Buy with an average price target of C$6.75, implying a 30.3% upside from current levels. In a report issued on February 1, BMO Capital also upgraded the stock to Buy with a C$6.50 price target.

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Eldorado Gold’s market cap is currently C$820M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.18.

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 Monday at C$5.18.