Eldorado Gold (NYSE:EGO) Price Target Raised to $33.00

Posted by on Jul 9th, 2026

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) had its price target boosted by equities research analysts at Bank of America from $31.00 to $33.00 in a report released on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the basic materials company’s stock. Bank of America‘s price target would suggest a potential upside of 10.98% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. TD Securities reduced their price target on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, April 15th. Finally, Zacks Research raised Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Eldorado Gold presently has an average rating of “Hold” and an average target price of $45.17.

Check Out Our Latest Research Report on Eldorado Gold

Eldorado Gold Price Performance

Shares of EGO opened at $29.74 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.18 and a current ratio of 1.62. Eldorado Gold has a fifty-two week low of $19.62 and a fifty-two week high of $51.16. The firm has a 50-day simple moving average of $31.94 and a 200-day simple moving average of $36.56. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 0.19 and a beta of 0.62.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. TT International Asset Management LTD grew its stake in Eldorado Gold by 1,730.9% in the 4th quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company’s stock valued at $26,916,000 after acquiring an additional 710,290 shares during the last quarter. Schroder Investment Management Group raised its position in Eldorado Gold by 94.9% during the third quarter. Schroder Investment Management Group now owns 1,448,558 shares of the basic materials company’s stock worth $41,240,000 after acquiring an additional 705,140 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at about $3,214,000. U S Global Investors Inc. purchased a new stake in shares of Eldorado Gold in the fourth quarter valued at about $1,796,000. Finally, Carrhae Capital LLP grew its position in shares of Eldorado Gold by 10.6% in the third quarter. Carrhae Capital LLP now owns 4,994,738 shares of the basic materials company’s stock valued at $144,298,000 after purchasing an additional 480,253 shares during the last quarter. Institutional investors and hedge funds 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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