Scotiabank lowered the firm’s price target on Eldorado Gold (EGO) to $58 from $59 and keeps an Outperform rating on the shares. The firm is updating its models for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm notes the company delivered on its start-up of the Skouries project, is set to close its Foran transaction in Q2, delivered on the expansion at Olympias, and moved the Perama Hill Project forward.
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