Canaccord Genuity Group Downgrades Eldorado Gold (NYSE:EGO) to Hold

Eldorado Gold (NYSE:EGO) (TSE:ELD) was downgraded by analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat Ratings reports.

A number of other equities research analysts have also recently weighed in on the stock. National Bank Financial restated an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, November 4th. Bank of America boosted their price target on Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a research report on Monday, December 1st. Scotiabank raised Eldorado Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $54.00 price objective on shares of Eldorado Gold in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada cut Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 target price on the stock. in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.20.

Eldorado Gold Price Performance

EGO opened at $43.00 on Friday. The stock has a fifty day simple moving average of $40.70 and a two-hundred day simple moving average of $31.94. The company has a current ratio of 2.79, a quick ratio of 2.28 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.19 and a beta of 0.51. Eldorado Gold has a 12-month low of $13.29 and a 12-month high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 19th. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $575.14 million for the quarter, compared to the consensus estimate of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.75%. Research analysts predict that Eldorado Gold will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eldorado Gold

Several large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in Eldorado Gold during the 2nd quarter valued at about $32,000. Headlands Technologies LLC purchased a new position in shares of Eldorado Gold during the second quarter valued at approximately $32,000. Smartleaf Asset Management LLC bought a new position in Eldorado Gold during the fourth quarter valued at approximately $33,000. Aventura Private Wealth LLC purchased a new stake in Eldorado Gold in the fourth quarter worth approximately $36,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Eldorado Gold in the fourth quarter worth approximately $36,000. 69.58% of the stock is currently owned by institutional investors.

More Eldorado Gold News

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

• Positive Sentiment: Company provided 2026 guidance and a three‑year outlook targeting ~40% gold production growth and updated Skouries construction status — a clear operational growth story that supports longer‑term upside. Eldorado Gold Provides 2026 Guidance
• Positive Sentiment: Company reported strong 2025 full‑year and Q4 results with significant free cash flow (excluding Skouries) and increased cash from operations — positive for balance‑sheet strength and funding growth. Eldorado Gold Delivers Strong 2025 Results
• Positive Sentiment: Quarterly results showed revenue materially above estimates ($575.1M vs. ~$500.4M) and healthy margins, although EPS missed by $0.01 — mixed but tilted positive on cash generation and unit economics. Earnings Release & Call
• Neutral Sentiment: Unusually large options flow: traders bought ~2,739 call contracts (≈48% above typical volume), indicating elevated speculative/hedging interest—adds volatility and trading volume but not a direct directional signal.
• Negative Sentiment: Analyst downgrades from CIBC (from Outperform/Sector Outperform to Neutral) weighed on the stock; CIBC still sets a $54 target, but the rating change likely triggered selling pressure. BayStreet.CA The Fly
• Negative Sentiment: Canaccord downgraded EGO from Buy to Hold, adding further analyst pressure and reducing near‑term investor conviction. Finviz TickerReport

About Eldorado Gold

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.