As previously reported, JPMorgan analyst John Bridges upgraded Eldorado Gold to Neutral from Underweight, telling investors that gold's "break out" in price after the commodity rose through resistance at $1360/oz five days ago has "put a different complexion" on Eldorado. Gold's jump, "while not opening the floodgates of new funds for miners," has at least reminded investors about the sector, contends Bridges, who also noted that the more pro-business New Democracy party has been leading in Greek polling all year ahead of elections in July. He has a $6 price target on U.S. listed Eldorado shares and a C$8 target on its Canadian listed ones.

Stifel raised the firm's price target on Eldorado Gold to C$19.50 from C$17.25 and keeps a Hold rating on the shares.