Eldorado Gold (TSE:ELD) Given New C$89.00 Price Target at ATB Capital

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective lowered by ATB Capital from C$100.00 to C$89.00 in a research note published on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, BMO Capital Markets upped their price objective on Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd. Two equities research 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.com, the company has an average rating of “Buy” and a consensus price target of C$51.21.

Eldorado Gold Trading Up 1.1%

Shares of ELD stock opened at C$54.06 on Tuesday. Eldorado Gold has a 1 year low of C$18.94 and a 1 year high of C$69.46. The firm has a market capitalization 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 stock has a fifty day moving average of C$51.83 and a two-hundred day moving average of C$41.44. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37.

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

Insider Activity

In related news, insider Christian Milau bought 2,700 shares of Eldorado Gold stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of C$36.99 per share, with a total value of C$99,873.00. Following the completion of the acquisition, the insider directly owned 11,290 shares in the company, valued at approximately C$417,617.10. This trade represents a 31.43% increase in their position. 0.58% of the stock is owned by company insiders.

Eldorado Gold News Summary

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.

About Eldorado Gold

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.