Today we saw analysts gave different rating on Eldorado gold:
Tgt Cut To C$12 From C$12.35 By Salman
Tgt Raised To C$14 From C$12 By BMO
Tgt Cut To Hold From Buy By GMP
Tgt Raised To $13 From $10.50 By CIBC
Tgt Raised To $11 From $10.25 By Canaccord
Confusing ? That explained the price of EGO up and down quite a lot. Eldorado gold is a mid-tier gold producer, and recently reported a great 2Q. Technically it is very bullish and hit a new high in AMEX today while the rest gold producer are struggling way from their high. I feel very comfortable with Eldorado management team who deliver what they promised.
Disclosure: Long EGO.
Tuesday, August 4, 2009
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