ATB Capital Has Lowered Expectations for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective decreased by stock analysts at ATB Capital from C$100.00 to C$89.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price objective suggests a potential upside of 63.66% from the stock’s current price.

ELD has been the subject of a number of other reports. BMO Capital Markets upped their target price on Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$51.21.

Eldorado Gold Trading Up 0.6%

Shares of Eldorado Gold stock opened at C$54.38 on Tuesday. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The company has a fifty day simple moving average of C$52.06 and a 200-day simple moving average of C$41.53. The stock has a market cap of C$10.93 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 56.20 and a beta of 1.44. Eldorado Gold has a 12-month low of C$18.94 and a 12-month high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$0.27 EPS for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The firm had revenue of C$605.32 million for the quarter. On average, equities analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christian Milau bought 2,700 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the purchase, the insider owned 11,290 shares of the company’s stock, valued at C$417,617.10. This trade represents a 31.43% increase in their position. 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: Eldorado agreed to acquire Foran Mining in a multibillion-dollar deal (reported between US$2.78–2.8bn / one report citing a higher $3.8bn figure), shifting Eldorado toward copper growth and materially recasting company valuation and project mix — a strategic, scale-building move that investors often reward for diversification into copper. Read More. Read More.
• Positive Sentiment: S&P placed Eldorado’s ratings on CreditWatch positive, citing stronger gold prices — this improves perceived credit risk and could lower funding costs or support continued project investment. Read More.
• Neutral Sentiment: Analysts at ATB Capital and Canaccord Genuity trimmed price targets (ATB: C$100 → C$89, Canaccord: C$70 → C$62) but retained optimistic ratings (ATB still “outperform”, Canaccord “buy”), reflecting model updates after the Foran deal and current metals price assumptions; these are mixed signals — lower targets curb upside projections but ratings remain constructive. Read More.
• Negative Sentiment: Stifel Nicolaus assigned a “hold” to Eldorado (less bullish than prior recommendations), which could temper near-term momentum among investors looking for fresh buy-side endorsement. Read More.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.