Eldorado Gold (NYSE:EGO) Rating Lowered to "Hold" at Canaccord Genuity Group

Key Points

• Canaccord Genuity downgraded Eldorado Gold from “strong buy” to “hold.” Despite the downgrade, the broader analyst consensus remains “Moderate Buy,” with an average price target of $46.57.
• Eldorado Gold’s shares opened at $30.59, down 5.5%, after the company reported quarterly EPS of $0.49 and revenue of $511.9 million—both below analyst expectations.
• The company cut its 2026 production outlook by 18%, citing setbacks at the Skouries project, while management said Skouries and McIlvenna Bay are progressing toward commercial production.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD was downgraded by research analysts at Canaccord Genuity Group from a "strong-buy" rating to a "hold" rating in a research note issued on Friday, Zacks reports.

A number of other equities analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce raised Eldorado Gold from a "neutral" rating to an "outperform" rating in a research report on Sunday, August 9th. Scotiabank lowered their price objective on Eldorado Gold from $55.00 to $47.00 and set a "sector outperform" rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their target price on Eldorado Gold from $37.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 16th. Weiss Ratings lowered Eldorado Gold from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Finally, Stifel Nicolaus upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.57.

Eldorado Gold Stock Down 5.5%

Shares of Eldorado Gold stock opened at $30.59 on Friday. The firm's 50 day moving average price is $39.78 and its 200-day moving average price is $36.91. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.26. Eldorado Gold has a 52-week low of $24.57 and a 52-week high of $51.16. The company has a market cap of $8.00 billion, a P/E ratio of 10.20, a PEG ratio of 0.33 and a beta of 0.67.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its earnings results on Wednesday, October 28th. The basic materials company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The firm had revenue of $511.90 million for the quarter, compared to analysts' expectations of $621.90 million. Eldorado Gold had a net margin of 31.67% and a return on equity of 10.31%. On average, sell-side analysts predict that Eldorado Gold will post 2.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC acquired a new position in Eldorado Gold in the second quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its stake in Eldorado Gold by 8.7% during the first quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company's stock worth $351,000 after buying an additional 819 shares during the period. Farther Finance Advisors LLC increased its position in shares of Eldorado Gold by 217.4% during the third quarter. Farther Finance Advisors LLC now owns 1,295 shares of the basic materials company's stock valued at $50,000 after acquiring an additional 887 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Eldorado Gold by 33.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,544 shares of the basic materials company's stock valued at $175,000 after acquiring an additional 1,143 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Eldorado Gold during the third quarter valued at about $58,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Key Stories Impacting Eldorado Gold

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

• Positive Sentiment: Adjusted third-quarter earnings and revenue increased year over year, while management said the Skouries and McIlvenna Bay projects are advancing toward commercial production. The company also declared a quarterly dividend of $0.075 per share, or $0.30 annualized. Eldorado Gold Q3 Adjusted Earnings, Revenue Rise
• Neutral Sentiment: The dividend is payable December 15 to shareholders of record December 1, providing income support but representing a relatively modest annual yield of about 0.9%. Eldorado Gold Q3 2026 Results and Guidance Update
• Negative Sentiment: Reported third-quarter EPS was $0.49, below the $0.53 analyst consensus, while revenue of $511.9 million was well short of the $621.9 million estimate. The earnings miss increases investor sensitivity to operating execution. Eldorado Gold Quarterly Earnings Results
• Negative Sentiment: Eldorado cut its 2026 production outlook by 18%, largely because of setbacks at Skouries. Reported Skouries costs of approximately $2,050 per ounce raise concerns about project profitability, ramp-up timing and future cash flow. Eldorado Drops as Skouries Setbacks Cut Gold Outlook

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.

Eldorado's operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.

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