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Fly News Breaks for December 4, 2019
EGO
Dec 4, 2019 | 16:40 EDT
RBC Capital analyst Josh Wolfson initiated coverage of Eldorado Gold with an Underperform rating and $6.50 price target. Following positive share price performance in 2019, Eldorado's 2020 positive attributes are discounted in its stock price today and a "weaker long-term risk-reward outlook exists for investors," Wolfson tells investors in a research note. He believes ongoing elevated capital consumption is needed to advance the company's portfolio.
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