In a report released on October 7, Michael Siperco from RBC Capital maintained a Buy rating on Eldorado Gold. The company’s shares closed yesterday at $27.34.
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According to TipRanks, Siperco is a top 25 analyst with an average return of 48.3% and a 73.35% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Lundin Gold, Orla Mining, and IAMGOLD.
Eldorado Gold has an analyst consensus of Moderate Buy, with a price target consensus of $27.71.
Based on Eldorado Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $451.72 million and a net profit of $138.01 million. In comparison, last year the company earned a revenue of $297.14 million and had a net profit of $55.48 million
Based on the recent corporate insider activity of 268 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EGO in relation to earlier this year.
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