Eldorado Gold (EGO) Stock Forecast & Price Target

$16.01

+0.32 (+2.04%)

(As of 07/26/2024 ET)

Eldorado Gold - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Eldorado Gold in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 4 have given a hold rating, and 2 have given a buy rating for EGO.

Consensus Price Target

$16.50
3.06% Upside

High Forecast	$22.50
Average Forecast	$16.50
Low Forecast	$9.00

According to the 7 analysts' twelve-month price targets for Eldorado Gold, the average price target is $16.50. The highest price target for EGO is $22.50, while the lowest price target for EGO is $9.00. The average price target represents a forecasted upside of 3.06% from the current price of $16.01.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$16.50	$15.60	$12.38	$10.45
Forecasted Upside	3.06% Upside	23.69% Upside	21.35% Upside	3.22% Upside

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EGO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EGO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Eldorado Gold Stock vs. The Competition

Type	Eldorado Gold	Basic Materials Companies	S&P 500
Consensus Rating Score	2.14	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	3.06% Upside	306.27% Upside	9.09% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/10/2024	CIBC 3 of 5 stars		Boost Target	Outperformer ➝ Outperformer	$18.00 ➝ $22.50	+39.23%
5/29/2024	Royal Bank of Canada 4 of 5 stars		Upgrade	Sector Perform ➝ Outperform	$14.00 ➝ $20.00	+25.94%
5/23/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$15.00 ➝ $18.00	+16.96%
4/8/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform Spec Overweight
2/26/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$14.50 ➝ $13.00	+21.04%
1/26/2024	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Rico Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
Get the Latest News and Ratings for EGO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Eldorado Gold and its competitors with MarketBeat's FREE daily newsletter.
1/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
8/17/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform	$10.75 ➝ $9.00	+3.09%
6/9/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	C$18.00 ➝ C$17.00
3/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform ➝ Underperform	$8.90	-3.37%
10/31/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Carey MacRury Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$11.00 ➝ C$10.50

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:29 AM ET.

EGO Forecast - Frequently Asked Questions

What is Eldorado Gold's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Eldorado Gold is $16.50, with a high forecast of $22.50 and a low forecast of $9.00.
Should I buy or sell Eldorado Gold stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eldorado Gold in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EGO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGO, but not buy additional shares or sell existing shares.
Does Eldorado Gold's stock price have much upside?: According to analysts, Eldorado Gold's stock has a predicted upside of 26.96% based on their 12-month stock forecasts.
Has Eldorado Gold been upgraded by Wall Street analysts recently?: Over the previous 90 days, Eldorado Gold's stock had 1 upgrade by analysts.
What analysts cover Eldorado Gold?: Eldorado Gold has been rated by research analysts at CIBC, Royal Bank of Canada, and Scotiabank in the past 90 days.
Do Wall Street analysts like Eldorado Gold more than its competitors?: Analysts like Eldorado Gold less than other "basic materials" companies. The consensus rating for Eldorado Gold is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how EGO compares to other companies.