Canaccord Genuity Stick to Their Hold Rating for Eldorado Gold Corp By Investing.com

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Canaccord Genuity Stick to Their Hold Rating for Eldorado Gold Corp

Oct 27, 2020 05:09AM ET

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Canaccord Genuity analyst Carey MacRury maintained a Hold rating on Eldorado Gold (NYSE:EGO) Corp on Thursday, setting a price target of C$18, which is approximately 5.49% above the present share price of $12.98.

MacRury expects Eldorado Gold Corp to post earnings per share (EPS) of $0.27 for the fourth quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Eldorado Gold, with an average price target of $14.64.
The analysts price targets range from a high of $17.5 to a low of $11.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $255.92 million and a net profit of $70.47 million. The company's market cap is $2.31 billion.

According to TipRanks.com, Canaccord Genuity analyst Carey MacRury is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.7% and a 74.79% success rate.

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.

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