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Eldorado Gold (ELD) Receives a Hold from Canaccord Genuity


A Wall Street analyst has provided a rating update for the Materials sector company yesterday, while remaining neutral on the stock. Analyst Carey MacRury from Canaccord Genuity remains neutral on Eldorado Gold (ELD) and has a C$5 price target.

According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.3% and a 40.2% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.

Eldorado Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$4.23, a -4.3% downside from current levels. In a report released yesterday, Desjardins also upgraded the stock to Hold with a C$5.50 price target.

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Eldorado Gold’s market cap is currently C$699.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.15.

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$4.42, close to its 52-week low of C$3.56.

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