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This Gold Mine Operator Will Outperform Peers, Analyst Says: ‘Skouries Construction Gains Momentum’

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Shares of Eldorado Gold Corp (NYSE:EGO) have been in focus as gold continues to flirt with record highs.

Eldorado Gold’s stock is likely to continue outperforming peers, with Skouries construction gaining momentum and the mine’s startup being de-risked by higher gold and copper prices, according to RBC Capital Markets.

The Eldorado Gold Analyst: Michael Siperco upgraded the rating for Eldorado Gold from Sector Perform to Outperform, while raising the price target from $14 to $20.

The Eldorado Gold Thesis: Skouries could begin production in the third …

Full story available on Benzinga.com

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