Stifel Nicolaus Maintains Hold on Eldorado Gold

Stifel Nicolaus is out with its report today on Eldorado Gold (NYSE: 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.