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Fly News Breaks for July 31, 2017
EGO
Jul 31, 2017 | 07:37 EDT
As previously reported, Credit Suisse analyst Anita Soni downgraded Eldorado Gold to Underperform from Neutral due to continued set-backs in Greece, another re-assessment of timelines and capital plans in Greece in light of on-going challenges, and prolonged negative free cash flow until 2021 if Skouries is built, or 2018 positive free cash flow of about $100M but a reduced CS NAV estimate if Skouries is suspended. The analyst also lowered her price target on the shares to $2.40 from $3.25.
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