Scotia Capital Has Sector Outperform Rating On Eldorado Gold Corporation

Scotia Capital has a Sector Outperform rating and a $21.50 price target on shares of Eldorado Gold Corporation EGO. In a note to clients, Scotia Capital writes, "ELD tightened its guidance to 700-725 koz (cons) at cash costs of $390-$410/oz (no royalties) from 715-770 koz (cons) at cash costs of $375/oz-$395/oz (no royalties). The adjusted guidance reflects adjustments in production from Efemcukuru and Eastern Dragon. There is no change to guidance on operating mines." Shares of EGO closed at $18.18 yesterday.