BofA analyst Lawson Winder raised the firm’s price target on Eldorado Gold (EGO) to $19.75 from $19.50 and keeps an Underperform rating on the shares. The firm, which highlighted key takeaways from an investor trip to Panama, also noted continued strength in gold buying from China’s central bank in May and pointed out that the price of gold jumped sharply last week by 4% and is up 31% year-to-date while raising several price objectives among gold miners.
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Read More on EGO:
- Eldorado Gold Elects Directors and Advances Key Projects
- Eldorado Gold announces elections of directors, AGM results
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- Eldorado Gold Releases 2024 Sustainability Report Highlighting ESG Achievements
- Eldorado Gold price target lowered to C$27 from C$29 at Canaccord
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