Canaccord Genuity Group Has Lowered Expectations for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target cut by investment analysts at Canaccord Genuity Group from C$70.00 to C$62.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 14.01% from the stock’s current price.

Several other research firms have also weighed in on ELD. ATB Capital reduced their price objective on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Tuesday. Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, BMO Capital Markets increased their price objective on shares of Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$51.21.

Eldorado Gold Stock Up 0.6%

Shares of TSE:ELD 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 firm 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. The stock’s 50-day moving average price is C$52.06 and its two-hundred day moving average price is C$41.53. 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 data on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. The business had revenue of C$605.32 million for the quarter. On average, research analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current year.

Insiders Place Their Bets

In other news, insider Christian Milau acquired 2,700 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of C$36.99 per share, with a total value of C$99,873.00. Following the transaction, the insider directly owned 11,290 shares in the company, valued at approximately C$417,617.10. This represents a 31.43% increase in their position. 0.58% of the stock is currently owned by insiders.

Eldorado Gold News Summary

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.