Scotiabank lowered the firm’s price target on Eldorado Gold (EGO) to $16.50 from $18.50 and keeps a Sector Perform rating on the shares. The firm is updating its model following the Skouries update and 2025-2027 guidance, all of which have negatively impacted Scotiabank’s valuation for the company, the analyst tells investors.
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Read More on EGO:
- Eldorado Gold price target lowered to C$27 from C$29 at BMO Capital
- Eldorado Gold price target lowered to $16 from $17 at TD Securities
- Eldorado Gold Adjusts Skouries Project Timeline and Budget Amid Labor Constraints
- Eldorado Gold price target lowered to C$25 from C$27 at Stifel
- Eldorado Gold price target lowered to C$29 from C$31 at BMO Capital