Eldorado Gold (NYSE:EGO) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Eldorado Gold from “hold” to “sell,” although the broader analyst consensus remains “Moderate Buy” with a $46.57 price target.
• Eldorado Gold shares opened at $30.59, down 5.5%, after quarterly EPS of $0.49 and revenue of $511.9 million both fell short of analyst expectations.
• The company faces execution concerns after cutting its 2026 production outlook by 18%, largely due to setbacks at the Skouries project, despite progress on Skouries and McIlvenna Bay and a declared quarterly dividend of $0.075 per share.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently issued reports on EGO. Jefferies Financial Group assumed coverage on Eldorado Gold in a research report on Thursday, August 20th. They issued a "buy" rating and a $50.00 price objective on the stock. Bank of America raised Eldorado Gold from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $32.00 to $54.00 in a report on Tuesday, September 22nd. Zacks Research lowered Eldorado Gold from a "hold" rating to a "strong sell" rating in a report on Monday, October 19th. Royal Bank Of Canada boosted their price target 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. Finally, Stifel Nicolaus raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $46.57.

Eldorado Gold Trading Down 5.5%

Shares of NYSE EGO 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 market cap of $8.00 billion, a PE ratio of 10.20, a P/E/G ratio of 0.33 and a beta of 0.67. Eldorado Gold has a 52-week low of $24.57 and a 52-week high of $51.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.42.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly 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, equities research analysts expect that Eldorado Gold will post 2.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new stake in shares of Eldorado Gold during the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 887 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Eldorado Gold in the third quarter worth approximately $58,000. EFG International AG bought a new position in shares of Eldorado Gold in the second quarter worth approximately $62,000. Finally, Nykredit A S bought a new position in shares of Eldorado Gold in the second quarter worth approximately $143,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

More Eldorado Gold News

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

About Eldorado Gold

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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