Eldorado Gold (NYSE:EGO) Upgraded to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a hold rating to a buy rating in a research report released on Friday, MarketBeat reports.

Several other research firms also recently commented on EGO. 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 research note on Tuesday, April 14th. Royal Bank Of Canada lowered their target price on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. Bank of America upped their target price on shares of Eldorado Gold from $31.00 to $33.00 and gave the stock an “underperform” rating in a report on Thursday, July 9th. TD Cowen reduced 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 report on Tuesday, April 14th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $41.83.

Eldorado Gold Price Performance

NYSE:EGO opened at $30.27 on Friday. The stock has a 50 day moving average of $31.36 and a two-hundred day moving average of $35.81. Eldorado Gold has a 12 month low of $20.39 and a 12 month high of $51.16. The firm has a market cap of $7.91 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.22 and a beta of 0.62. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $487.50 million for the quarter, compared to the consensus estimate of $482.39 million. Eldorado Gold had a return on equity of 12.60% and a net margin of 29.83%. On average, analysts expect that Eldorado Gold will post 3.41 earnings per share for the current fiscal year.

Eldorado Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Eldorado Gold’s dividend payout ratio (DPR) is currently 10.68%.

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors have recently added to or reduced their stakes in EGO. Goldman Sachs Group Inc. grew its holdings in Eldorado Gold by 50.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company’s stock valued at $13,426,000 after buying an additional 266,048 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 acquiring an additional 6,383 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Eldorado Gold by 1,209.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company’s stock worth $6,903,000 after acquiring an additional 313,449 shares during the period. Jump Financial LLC purchased a new position in shares of Eldorado Gold during the 2nd quarter worth $859,000. Finally, Cerity Partners LLC boosted its position in shares of Eldorado Gold by 15.2% during the 2nd quarter. Cerity Partners LLC now owns 36,039 shares of the basic materials company’s stock valued at $733,000 after acquiring an additional 4,758 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Key Eldorado Gold News

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

• Positive Sentiment: Stifel upgraded EGO from “hold” to “buy,” signaling improved confidence in the company’s valuation or outlook after the recent weakness.
• Positive Sentiment: Second-quarter earnings exceeded expectations: Eldorado reported EPS of $0.54 versus the $0.52 consensus estimate. The company also reported a 28.62% net margin and 11.60% return on equity. Eldorado Gold Reports Solid Q2 2026 Financial and Operational Results
• Positive Sentiment: Skouries remains on track for completion in the third quarter of 2026, potentially supporting future production and cash flow.
• Positive Sentiment: Eldorado renewed its normal-course issuer bid, giving the company authorization to repurchase shares and potentially enhance per-share value. Eldorado Gold Announces Renewal of Normal Course Issuer Bid
• Positive Sentiment: The company declared a quarterly dividend of $0.075 per share, equivalent to approximately $0.30 annually and a yield near 1%, reinforcing shareholder returns.
• Neutral Sentiment: Leadership changes are proceeding: Chair Steven Reid left the board, while CEO George Burns is scheduled to retire on September 30. The transition introduces execution uncertainty but was previously announced. Eldorado Gold Announces Board Leadership Transition
• Negative Sentiment: Revenue was $487.5 million, below the $529.9 million analyst estimate. This miss likely outweighed the modest EPS beat and raised questions about sales, production or realized-price performance.
• Negative Sentiment: Investors purchased 4,073 put options, 144% above typical volume, indicating increased hedging or bearish speculation around EGO.
• Negative Sentiment: Zacks Research downgraded the stock from “hold” to “strong sell,” creating a notable contrast with Stifel’s bullish upgrade and adding to conflicting investor signals. Zacks Research

Eldorado Gold Company Profile

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.