GMP FirstEnergy Reaffirms Their Buy Rating on Eldorado Gold (ELD)


In a latest note to investors, a research analyst has provided a rating update for the Eldorado Gold (ELD). Analyst Steven Butler from GMP FirstEnergy reiterated a Buy rating, with a C$7.10 price target today.

According to TipRanks.com, Butler has 0 stars on 0-5 star ranking scale with an average return of -7.4% and a 34.7% success rate. Butler covers the Basic Materials sector, focusing on stocks such as Barrick Gold Corporation, Eldorado Gold Corp, and Agnico Eagle.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eldorado Gold with a C$6.15 average price target, representing a 17.6% upside. 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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The company has a one-year high of C$8.05 and a one-year low of C$3.36. Currently, Eldorado Gold has an average volume of 1.19M.

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 Tuesday at C$5.23.