Stifel Nicolaus Maintains Hold on Eldorado Gold

Stifel Nicolaus is out with its report today on Eldorado Gold EGO, maintaining Hold. In its report, Stifel Nicolaus writes, "Eldorado boasts an attractive cost base, strong growth profile, and disciplined management; however, we believe these factors are fairly reflected in the company's premium valuation. Shares currently trade at 0.99x P/NAV at spot gold, a 43% premium to the producer average of 0.69x. We maintain our Hold rating." At the time of posting, shares of EGO were trading pre-market at $19.55, up 0.83% from Friday's close.