Scotiabank lowered the firm’s price target on Eldorado Gold (EGO) to $56 from $58 and keeps an Outperform rating on the shares. Ahead of the release Q1 results for stocks in the Gold & Precious Minerals sector, the firm is expecting margins quarter-over-quarter to be flattish but higher year-over-year, the analyst tells investors. Additionally, the firm anticipates strong free cash flow and lower quarter-over-quarter production costs.
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