National Bank Sticks to Its Hold Rating for Eldorado Gold (ELD)

By Carrie Williams

A Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Analyst Mike Parkin from National Bank remains neutral on Eldorado Gold (ELDResearch Report) and has a C$11.50 price target.

According to TipRanks.com, Parkin ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.6% and a 32.9% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, OceanaGold Corporation, and Eldorado Gold Corp.

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Currently, the analyst consensus on Eldorado Gold is a Hold with an average price target of C$9.70.

The company has a one-year high of C$11.89 and a one-year low of C$3.36. Currently, Eldorado Gold has an average volume of 1.4M.

Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.

The company’s shares closed last Wednesday at C$11.69, close to its 52-week high of C$11.89.