This Gold Mine Operator Will Outperform Peers, Analyst Says: 'Skouries Construction Gains Momentum'
Portfolio Pulse from Priya Nigam
Eldorado Gold Corp (NYSE:EGO) has been upgraded by RBC Capital Markets from Sector Perform to Outperform, with a price target increase from $14 to $20. Analyst Michael Siperco cites momentum in Skouries construction and higher gold and copper prices as key factors. The company is expected to see significant production growth and higher free cash flows.
May 29, 2024 | 3:26 pm
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Eldorado Gold Corp has been upgraded by RBC Capital Markets from Sector Perform to Outperform, with a price target increase from $14 to $20. The company is expected to see significant production growth and higher free cash flows due to higher gold prices and the end of construction spending at Skouries.
The upgrade from RBC Capital Markets and the increased price target are strong positive signals. The expected production growth and higher free cash flows due to higher gold prices and the end of construction spending at Skouries further support a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100