Eldorado Gold price target lowered to $16 from $17 at TD Securities
TD Securities analyst Steven Green lowered the firm's price target on Eldorado Gold (EGO) to $16 from $17 and keeps a Hold rating on the shares after the company delayed the expected start up of its Skouries project in Greece by about six months and increased the capex budget by $297M and reduced 2025 production guidance by 10%. The firm maintains its view that Greece is 'a challenging jurisdiction to build and operate a mine,' the analyst tells investors.
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Read More on EGO:
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
Eldorado Gold Extends Lamaque Mine Life with Updated Technical Report
Eldorado Gold price target lowered to $18.50 from $20 at Scotiabank
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