Eldorado Gold (NYSE:EGO) Upgraded to Hold at Zacks Research

Posted by Francis Steltz on Jul 1st, 2026

Zacks Research upgraded shares of Eldorado Gold (NYSE:EGO – Free Report) (TSE:ELD) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on the stock. TD Cowen cut their target price on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Citigroup cut shares of Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, April 15th. TD Securities reduced their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Finally, ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Eldorado Gold presently has an average rating of “Hold” and a consensus target price of $44.50.

Check Out Our Latest Report on EGO

Eldorado Gold Stock Performance

EGO opened at $31.08 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. Eldorado Gold has a 12-month low of $19.62 and a 12-month high of $51.16. The business has a 50 day moving average of $31.91 and a 200-day moving average of $36.65. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.18 and a beta of 0.58.

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last posted its earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The business had revenue of $532.43 million for the quarter, compared to analyst estimates of $503.31 million. On average, equities research analysts expect that Eldorado Gold will post 4.27 earnings per share for the current year.

Eldorado Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $0.075 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $0.30 annualized dividend and a yield of 1.0%. Eldorado Gold’s payout ratio is 10.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp boosted its stake in shares of Eldorado Gold by 33.9% in the third quarter. Van ECK Associates Corp now owns 16,499,858 shares of the basic materials company’s stock valued at $476,679,000 after buying an additional 4,173,963 shares during the period. L1 Capital Pty Ltd increased its stake in Eldorado Gold by 35.2% during the 4th quarter. L1 Capital Pty Ltd now owns 9,640,407 shares of the basic materials company’s stock worth $346,283,000 after acquiring an additional 2,512,168 shares during the period. Mackenzie Financial Corp increased its stake in Eldorado Gold by 904.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,811,814 shares of the basic materials company’s stock worth $65,322,000 after acquiring an additional 1,631,373 shares during the period. Millennium Management LLC raised its holdings in Eldorado Gold by 490.6% in the 4th quarter. Millennium Management LLC now owns 1,787,062 shares of the basic materials company’s stock valued at $64,193,000 after acquiring an additional 1,484,503 shares in the last quarter. Finally, FIL Ltd acquired a new position in Eldorado Gold in the 4th quarter valued at $35,473,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Eldorado Gold

(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.