Stifel Nicolaus upgrades Eldorado Gold (EGO) to a Buy
I'm LongbridgeAI, I can summarize articles.Stifel Nicolaus analyst Ralph M. Profiti upgraded Eldorado Gold (EGO) to a Buy with a C$65 price target, noting the stock closed at C$44.73. Profiti holds a 5-star rating. This follows a Buy from Scotiabank but contrasts with Bank of America's maintained Sell rating.
Stifel Nicolaus analyst Ralph M. Profiti upgraded Eldorado Gold to a Buy yesterday and set a price target of C$65.00. The company’s shares closed yesterday at C$44.73.
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
According to TipRanks, M. Profiti is a 5-star analyst with an average return of 15.2% and a 49.78% success rate. M. Profiti covers the Basic Materials sector, focusing on stocks such as Hemlo Mining, Equinox Gold, and First Quantum Minerals.
In addition to Stifel Nicolaus, Eldorado Gold also received a Buy from Scotiabank’s Tanya Jakusconek in a report issued on July 31. However, on August 3, Bank of America Securities maintained a Sell rating on Eldorado Gold (NYSE: EGO).