Eldorado Gold (TSE:ELD) Price Target Lowered to C$62.00 at Canaccord Genuity Group

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target reduced by Canaccord Genuity Group from C$70.00 to C$62.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

ELD has been the topic of several other research reports. Scotiabank upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. ATB Capital dropped their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets increased their price target on shares of Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$51.21.

Eldorado Gold Stock Up 1.1%

TSE ELD opened at C$54.06 on Tuesday. The stock’s 50 day simple moving average is C$51.83 and its 200 day simple moving average is C$41.44. Eldorado Gold has a one year low of C$18.94 and a one year high of C$69.46. The firm has a market cap of C$10.87 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$605.32 million for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%. As a group, sell-side analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Activity

In other Eldorado Gold news, insider Christian Milau bought 2,700 shares of Eldorado Gold stock in a transaction dated Friday, November 7th. The shares were bought at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the purchase, the insider owned 11,290 shares of the company’s stock, valued at C$417,617.10. This trade represents a 31.43% increase in their ownership of the stock. Company insiders own 0.58% of the company’s stock.

Eldorado Gold News Roundup

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: The company agreed to acquire Foran Mining in a deal reported between ~$2.8bn and $3.8bn, adding significant copper assets and positioning Eldorado for growth beyond pure gold exposure; this strategic pivot supports a higher long‑term growth runway. Read More.
• Positive Sentiment: Coverage notes the deal “recasts valuation and shifts toward copper growth,” which can attract investors bullish on copper fundamentals (electrification, clean‑energy demand). That narrative is likely a primary reason shares are trading up. Read More.
• Neutral Sentiment: Major broker updates revised price targets but kept constructive ratings: ATB Capital cut its target from C$100 to C$89 while retaining an “outperform,” and Canaccord lowered its target to C$62 while keeping a “buy” — signals that analysts see upside but are re‑pricing risk/valuation for the deal. Read More.
• Negative Sentiment: Markets reacted negatively at announcement time — press coverage shows Eldorado and Foran shares tumbled on deal news, reflecting investor concerns about the size, execution risk, integration and financing/dilution implications of a multibillion‑dollar acquisition. Read More.
• Negative Sentiment: Scotiabank and other analysts trimmed FY2025 EPS estimates for Eldorado, increasing near‑term earnings uncertainty tied to transaction costs, integration, and potential capital/credit actions. That reduction is a headwind for near‑term valuation metrics. Read More.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.