Eldorado Gold (TSE:ELD) Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of Eldorado Gold (TSE:ELD) (NYSE:EGO) from a buy rating to a hold rating in a research note released on Friday morning, MarketBeat.com reports. The brokerage currently has C$47.00 target price on the stock, down from their previous target price of C$57.00.

Other analysts also recently issued research reports about the company. Jefferies Financial Group raised Eldorado Gold to a “strong-buy” rating in a research note on Thursday, August 20th. Bank of America raised shares of Eldorado Gold from an “underperform” rating to a “buy” rating and raised their price target for the stock from C$32.00 to C$54.00 in a research report on Tuesday, September 22nd. Stifel Nicolaus upped their price objective on shares of Eldorado Gold from C$65.00 to C$70.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, National Bank Financial lifted their target price on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$58.88.

Eldorado Gold Stock Down 5.6%

Shares of ELD opened at C$42.71 on Friday. The stock has a fifty day moving average of C$55.77 and a 200-day moving average of C$51.20. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.27 and a current ratio of 1.42. The stock has a market capitalization of C$11.15 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 56.20 and a beta of 1.68. Eldorado Gold has a 52 week low of C$34.50 and a 52 week high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$0.70 earnings per share for the quarter. The firm had revenue of C$728.69 million during the quarter. Eldorado Gold had a net margin of 31.67% and a return on equity of 11.96%. As a group, sell-side analysts anticipate that Eldorado Gold will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total value of C$74,798.43. Insiders own 0.58% of the company’s stock.

More Eldorado Gold News

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

• Positive Sentiment: CIBC maintained a “Buy” rating on Eldorado Gold, providing support for the shares and signaling confidence in the company’s longer-term growth prospects. Eldorado Gold Gets a Buy from CIBC
• Neutral Sentiment: Skouries is expected to begin commercial production in late fourth-quarter 2026. Eldorado is targeting initial 2026 production of approximately 10,000–35,000 ounces of gold and 5–15 million pounds of copper, but the limited first-year output means the project is unlikely to make a major near-term contribution. Eldorado targets Skouries 2026 output
• Negative Sentiment: Skouries’ projected investment has increased to about US$1.425 billion. The higher capital requirement raises execution and funding concerns and could reduce the project’s near-term return profile. Eldorado Gold raises its investment in Skouries mine
• Negative Sentiment: Third-quarter adjusted net earnings increased year over year, but Eldorado cut its 2026 production guidance. The guidance reduction suggests operational challenges and is likely offsetting the benefit of stronger quarterly profitability. Eldorado Gold Q3 adjusted net earnings
• Negative Sentiment: Canaccord downgraded Eldorado from “Buy” to “Hold” and reduced its target from C$57 to C$47. ATB Cormark also cut its target from C$64 to C$61 and assigned a “Sector Perform” rating. These revisions reinforce near-term caution despite remaining implied upside. Canaccord Genuity recommendations

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).