Eldorado Gold (NYSE:EGO) Stock Rating Lowered by Zacks Research

Posted by on Jul 30th, 2026

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

EGO has been the subject of a number of other reports. Royal Bank Of Canada reduced their price objective on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. BMO Capital Markets restated an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, April 15th. Bank of America raised their price target on shares of Eldorado Gold from $31.00 to $33.00 and gave the company an “underperform” rating in a research report on Thursday, July 9th. Weiss Ratings downgraded Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.83.

Check Out Our Latest Analysis on Eldorado Gold

Eldorado Gold Stock Performance

NYSE EGO opened at $31.93 on Tuesday. The company has a fifty day simple moving average of $31.36 and a 200 day simple moving average of $35.89. Eldorado Gold has a 12-month low of $20.39 and a 12-month high of $51.16. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.34 billion, a P/E ratio of 11.36, a PEG ratio of 0.22 and a beta of 0.62.

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%. The business had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million. Sell-side analysts predict that Eldorado Gold will post 3.41 earnings per share for the current fiscal year.

Institutional Trading of Eldorado Gold

Several institutional investors have recently made changes to their positions in EGO. Goldman Sachs Group Inc. lifted its position in shares of Eldorado Gold by 50.0% during the first quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company’s stock valued at $13,426,000 after purchasing an additional 266,048 shares in the last quarter. Geode Capital Management LLC grew its position in Eldorado Gold by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 113,368 shares of the basic materials company’s stock worth $2,318,000 after purchasing an additional 6,383 shares in the last quarter. JPMorgan Chase & Co. grew its position in Eldorado Gold by 1,209.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company’s stock worth $6,903,000 after purchasing an additional 313,449 shares in the last quarter. Jump Financial LLC purchased a new stake in Eldorado Gold in the 2nd quarter valued at about $859,000. Finally, Cerity Partners LLC increased its stake in Eldorado Gold by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 36,039 shares of the basic materials company’s stock valued at $733,000 after buying an additional 4,758 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Eldorado Gold Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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