Eldorado Gold (ELD) was Upgraded to a Hold Rating at Desjardins

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Eldorado Gold (ELD). Desjardins’ analyst Josh Wolfson upgraded ELD to Hold today , with a C$5.50 price target.

According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.0% and a 48.2% 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.

Eldorado Gold has an analyst consensus of Hold, with a price target consensus of C$4.10.

Eldorado Gold’s market cap is currently C$693.3M 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.