Zacks Research Upgrades Eldorado Gold (NYSE:EGO) to “Hold”

Posted by Brenda Bartman on Jul 1st, 2026

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also commented on EGO. Scotiabank decreased their price objective on Eldorado Gold from $58.00 to $56.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, April 15th. ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. TD Cowen reduced their price objective on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Finally, Citigroup downgraded Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and an average target price of $44.50.

Get Our Latest Analysis on EGO

Eldorado Gold Stock Down 0.1%

EGO stock opened at $31.08 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18. The company’s 50 day simple moving average is $31.91 and its 200-day simple moving average is $36.65. Eldorado Gold has a 12 month low of $19.62 and a 12 month high of $51.16. The firm has a market capitalization of $8.12 billion, a PE ratio of 11.06, a P/E/G 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The firm had revenue of $532.43 million for the quarter, compared to analyst estimates of $503.31 million. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%. Equities analysts expect that Eldorado Gold will post 4.27 earnings per share for the current fiscal year.

Institutional Trading of Eldorado Gold

Institutional investors have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC boosted its holdings in Eldorado Gold by 4.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 318 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Eldorado Gold by 2.7% in the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock worth $508,000 after purchasing an additional 371 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Eldorado Gold by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock valued at $1,794,000 after purchasing an additional 582 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Eldorado Gold by 8.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 819 shares during the period. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of Eldorado Gold during the 4th quarter worth about $33,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.