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 lowered by stock analysts at Canaccord Genuity Group from C$70.00 to C$62.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 15.16% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. ATB Capital decreased their target price on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a report on Tuesday. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, BMO Capital Markets boosted 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 research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$51.21.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded up C$0.37 during trading on Tuesday, hitting C$53.84. 874,679 shares of the company’s stock traded hands, compared to its average volume of 583,405. Eldorado Gold has a 1 year low of C$18.94 and a 1 year high of C$69.46. The business has a 50-day simple moving average of C$51.57 and a 200-day simple moving average of C$41.25. The stock has a market capitalization of C$10.82 billion, a P/E ratio of 29.91, a PEG ratio of 56.20 and a beta of 1.38. 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 earnings results on Thursday, October 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The business had revenue of C$605.32 million for the quarter. As a group, analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Activity at Eldorado Gold

In related news, insider Christian Milau purchased 2,700 shares of Eldorado Gold stock in a transaction that occurred on 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 directly owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This represents a 31.43% increase in their position. Insiders own 0.58% of the company’s stock.

Key Headlines Impacting Eldorado Gold

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

• Positive Sentiment: Eldorado agreed to acquire Foran Mining in a transaction reported between roughly $2.8B–$3.8B, adding sizeable copper-gold assets and moving Eldorado from a pure-play gold producer toward a gold-copper growth profile — a strategic diversification that could support longer‑term revenue and leverage to copper prices. Eldorado Gold to acquire Foran Mining in $2.78bn deal
• Positive Sentiment: Analysts and coverage note the deal “recasts valuation” by increasing Eldorado’s copper exposure — which can be positive if copper markets remain strong and Eldorado can realize synergies at Foran’s Saskatchewan deposits. Eldorado Gold Foran Deal Recasts Valuation And Shifts Toward Copper Growth
• Neutral Sentiment: Media reports vary on the headline price (some report ~$2.8B, others ~$3.8B), creating short-term uncertainty about the deal economics and currency/consideration details — investors will await the formal transaction terms and financing plan. Eldorado Gold to buy Foran Mining in $2.8bn deal, to deepen copper exposure
• Neutral Sentiment: Local/regional reporting highlights that Foran’s Saskatchewan assets (including McIlvenna Bay) were among early major projects of note and could bring provincial support or tax/credit considerations — potential permitting/tax benefits are positive but timing is uncertain. Canadian miner Eldorado buys one of Carney’s first major projects picks
• Negative Sentiment: Market reaction has been negative: shares of both Eldorado and Foran fell after the announcement as investors digested deal size, integration risk and potential dilution/financing needs. Short-term sentiment appears risk‑off. Eldorado Gold and Foran Mining shares tumble after announcing $3.8-billion acquisition
• Negative Sentiment: Scotiabank reduced FY2025 EPS estimates for Eldorado following the deal, signaling analyst concerns about near-term earnings dilution and that financial forecasts will need updating — a catalyst for further downside until clarity on financing and accretion emerges. FY2025 EPS Estimates for Eldorado Gold Reduced by Scotiabank

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.