Eldorado Gold (NYSE:EGO) Raised to Buy at Stifel Nicolaus

Eldorado Gold (NYSE:EGO) (TSE:ELD) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other analysts also recently commented on EGO. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. BMO Capital Markets restated an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, April 15th. Royal Bank Of Canada dropped their price target on Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Thursday, July 9th. Zacks Research cut Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.83.

Eldorado Gold Price Performance

Eldorado Gold stock traded down $2.48 during midday trading on Friday, reaching $30.27. The company had a trading volume of 4,678,803 shares, compared to its average volume of 2,856,976. The company has a market capitalization of $7.91 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.22 and a beta of 0.62. The firm’s fifty day simple moving average is $31.38 and its 200-day simple moving average is $35.85. Eldorado Gold has a 12-month low of $20.39 and a 12-month high of $51.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The firm had revenue of $487.50 million for the quarter, compared to analyst estimates of $529.92 million. As a group, equities analysts anticipate that Eldorado Gold will post 3.41 EPS for the current year.

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors have recently bought and sold shares of EGO. Linden Thomas Advisory Services LLC raised its position in shares of Eldorado Gold by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock worth $284,000 after acquiring an additional 318 shares in the last quarter. Savant Capital LLC boosted its holdings in Eldorado Gold by 2.7% in the fourth quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock valued at $508,000 after purchasing an additional 371 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Eldorado Gold by 0.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock valued at $1,794,000 after purchasing an additional 582 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Eldorado Gold by 8.7% in the first quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 819 shares during the last quarter. Finally, Smartleaf Asset Management LLC purchased a new position in Eldorado Gold in the fourth quarter valued at approximately $33,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Eldorado Gold

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

• Positive Sentiment: Quarterly EPS beat expectations: Eldorado reported second-quarter adjusted EPS of $0.54, above the $0.52 consensus estimate. The company also reported a 28.62% net margin and 11.60% return on equity. Eldorado Gold quarterly earnings
• Positive Sentiment: Skouries remains on track: Eldorado said its Skouries project is progressing toward a third-quarter 2026 start, a potential catalyst for future production and cash flow. Eldorado Gold Q2 results and Skouries update
• Positive Sentiment: Share repurchase authorization renewed: The Toronto Stock Exchange approved renewal of Eldorado’s normal-course issuer bid, potentially providing support for the stock and signaling management’s confidence in its valuation. Eldorado Gold issuer bid renewal
• Positive Sentiment: Mine technology gains: At Eldorado’s Tüprag operation in Turkey, Exyn’s autonomous mapping system reportedly cut survey times from about 40 minutes to five minutes, expanded coverage and helped identify additional recoverable ore. Tüprag autonomous surveying results
• Neutral Sentiment: Leadership transition: Chair Steven Reid has left the board, while CEO George Burns is scheduled to retire on September 30, 2026. Planned succession may limit disruption, but investors could remain cautious during the transition. Board leadership transition
• Negative Sentiment: Revenue missed forecasts: Quarterly revenue was $487.5 million versus analyst expectations of $529.92 million, offsetting the modest EPS beat and raising questions about production, pricing or sales volumes.
• Negative Sentiment: Bearish signals intensified: Traders purchased 4,073 put options, 144% above average daily volume, suggesting increased demand for downside protection or bearish speculation.
• Negative Sentiment: Zacks downgrade: Zacks Research lowered Eldorado from “hold” to “strong sell,” adding to selling pressure and weakening near-term sentiment. Zacks downgrade report

Eldorado Gold Company Profile

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.