Eldorado Gold (NYSE:EGO) Downgraded by Canaccord Genuity Group to “Hold”

Eldorado Gold (NYSE:EGO) (TSE:ELD) was downgraded by equities research analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report issued on Friday, Zacks reports.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “neutral” rating to an “outperform” rating in a research note on Sunday, August 9th. Scotiabank cut their price target on shares of Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada increased their price target on shares of Eldorado Gold from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Finally, Wall Street Zen lowered shares of Eldorado Gold from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.57.

Eldorado Gold Trading Down 5.5%

EGO opened at $30.59 on Friday. Eldorado Gold has a 52 week low of $24.57 and a 52 week high of $51.16. The business has a fifty day simple moving average of $39.78 and a 200-day simple moving average of $36.91. The firm has a market cap of $8.00 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.33 and a beta of 0.67. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.26.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $511.90 million during the quarter, compared to analyst estimates of $621.90 million. Eldorado Gold had a net margin of 31.67% and a return on equity of 10.31%. On average, equities analysts expect that Eldorado Gold will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On Eldorado Gold

Hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new position in shares of Eldorado Gold during the second quarter worth about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Eldorado Gold by 8.7% during the first quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock worth $351,000 after buying an additional 819 shares during the period. Farther Finance Advisors LLC raised its holdings in Eldorado Gold by 217.4% in the third quarter. Farther Finance Advisors LLC now owns 1,295 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 887 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Eldorado Gold by 33.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,544 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in Eldorado Gold in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

More Eldorado Gold News

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Adjusted third-quarter earnings and revenue increased year over year, while management said the Skouries and McIlvenna Bay projects are advancing toward commercial production. The company also declared a quarterly dividend of $0.075 per share, or $0.30 annualized. Eldorado Gold Q3 Adjusted Earnings, Revenue Rise
• Neutral Sentiment: The dividend is payable December 15 to shareholders of record December 1, providing income support but representing a relatively modest annual yield of about 0.9%. Eldorado Gold Q3 2026 Results and Guidance Update
• Negative Sentiment: Reported third-quarter EPS was $0.49, below the $0.53 analyst consensus, while revenue of $511.9 million was well short of the $621.9 million estimate. The earnings miss increases investor sensitivity to operating execution. Eldorado Gold Quarterly Earnings Results
• Negative Sentiment: Eldorado cut its 2026 production outlook by 18%, largely because of setbacks at Skouries. Reported Skouries costs of approximately $2,050 per ounce raise concerns about project profitability, ramp-up timing and future cash flow. Eldorado Drops as Skouries Setbacks Cut Gold Outlook

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.

Eldorado’s operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.