Eldorado Gold (ELD) Stock Forecast & Price Target

C$22.19

+0.50 (+2.31%)

(As of 07/26/2024 ET)

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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

Moderate Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Eldorado Gold in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 3 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for ELD.

Consensus Price Target

C$21.91
-1.25% Downside

High Forecast	C$26.50
Average Forecast	C$21.91
Low Forecast	C$16.80

According to the 6 analysts' twelve-month price targets for Eldorado Gold, the average price target is C$21.91. The highest price target for ELD is C$26.50, while the lowest price target for ELD is C$16.80. The average price target represents a forecasted downside of -1.25% from the current price of C$22.19.

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	Moderate Buy	Hold	Hold	Moderate Buy
Strong Buy	1 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)	2 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$21.91	C$21.48	C$20.69	C$14.70
Forecasted Upside	-1.25% Downside	13.57% Upside	24.04% Upside	20.65% Upside

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ELD 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.

ELD 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
Consensus Rating Score	2.67	2.64
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	Canaccord Genuity Group 3 of 5 stars		Boost Target		C$23.00 ➝ C$26.50	+16.48%
7/10/2024	Cibc World Mkts 0 of 5 stars	C. Chiu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/10/2024	National Bankshares 1 of 5 stars		Boost Target	Outperform	C$25.00 ➝ C$26.00	+26.40%
5/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	C$14.00 ➝ C$20.00	-10.11%
4/26/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$21.00 ➝ C$23.00	+10.31%
4/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$17.25 ➝ C$19.50	-5.71%
Get the Latest News and Ratings for ELD 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.
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$13.40 ➝ C$16.80	-20.64%
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	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$26.00 ➝ C$25.00	+72.18%
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
7/31/2023	Haywood Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$16.50 ➝ C$18.50	+41.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:03 AM ET.

ELD Forecast - Frequently Asked Questions

What is Eldorado Gold's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Eldorado Gold is C$21.91, with a high forecast of C$26.50 and a low forecast of C$16.80.
Should I buy or sell Eldorado Gold stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eldorado Gold in the last year. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ELD shares.
Does Eldorado Gold's stock price have much upside?: According to analysts, Eldorado Gold's stock has a predicted upside of 14.32% 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 2 upgrades by analysts.
What analysts cover Eldorado Gold?: Eldorado Gold has been rated by research analysts at Canaccord Genuity Group, Cibc World Mkts, National Bankshares, and Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like Eldorado Gold more than its competitors?: Analysts like Eldorado Gold more than other "basic materials" companies. The consensus rating score for Eldorado Gold is 2.67 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how ELD compares to other companies.