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The deal is valued at about C$590 million.
BofA/Merrill Lynch raised its rating on Eldorado Gold (EGO) stock by two notches on Wednesday.
Credit Suisse upped its rating on Eldorado Gold (EGO) stock on Monday to 'outperform.'
Gold prices were falling to one-month lows Wednesday, weighing on Eldorado Gold (EGO) stock.
Gold prices are increasing Tuesday afternoon, positively impacting Eldorado Gold (EGO) stock.