Eldorado Gold (TSE:ELD) Stock Gets Price Target Reduction from ATB Cormark Capital Markets

by · The Markets Daily

Eldorado Gold (TSE:ELD – Free Report) (NYSE:EGO) had its target price lowered by ATB Cormark Capital Markets from C$64.00 to C$61.00 in a report released on Friday morning,BayStreet reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

Several other equities analysts have also issued reports on the company. National Bank Financial boosted their price target on Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Jefferies Financial Group upgraded shares of Eldorado Gold to a “strong-buy” rating in a report 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 company from C$32.00 to C$54.00 in a report on Tuesday, September 22nd. Canaccord Genuity Group cut Eldorado Gold from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$57.00 to C$47.00 in a research report on Friday. Finally, Canadian Imperial Bank of Commerce raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 9th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$58.88.

Read Our Latest Stock Analysis on ELD

Eldorado Gold Price Performance

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

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

Insider Buying and Selling

In related 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.

Key Stories Impacting Eldorado Gold

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

(Get Free Report)

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).

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