Eldorado Gold (NYSE:EGO) Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group lowered shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a buy rating to a hold rating in a research note released on Friday morning, Marketbeat.com reports.

Other analysts also recently issued reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, January 21st. Royal Bank Of Canada cut shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price target for the company. in a research report on Tuesday, February 17th. Bank of America upped their price objective on shares of Eldorado Gold from $28.00 to $29.00 and gave the stock an “underperform” rating in a report on Monday, December 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Eldorado Gold in a research report on Wednesday, February 4th. Finally, National Bank Financial reissued an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.20.

Eldorado Gold Stock Down 9.7%

EGO stock opened at $43.00 on Friday. Eldorado Gold has a one year low of $13.29 and a one year high of $51.16. The firm has a market cap of $8.54 billion, a PE ratio of 17.34, a PEG ratio of 0.19 and a beta of 0.51. The firm’s 50 day moving average price is $40.70 and its 200-day moving average price is $32.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%.The business had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. On average, equities research analysts anticipate that Eldorado Gold will post 1.5 EPS for the current year.

Eldorado Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Hedge Funds Weigh In On Eldorado Gold

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its stake in shares of Eldorado Gold by 33.9% during the third quarter. Van ECK Associates Corp now owns 16,499,858 shares of the basic materials company’s stock worth $476,679,000 after purchasing an additional 4,173,963 shares in the last quarter. L1 Capital Pty Ltd lifted its holdings in Eldorado Gold by 35.2% during the 4th quarter. L1 Capital Pty Ltd now owns 9,640,407 shares of the basic materials company’s stock worth $346,283,000 after buying an additional 2,512,168 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Eldorado Gold by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 8,387,901 shares of the basic materials company’s stock worth $242,226,000 after acquiring an additional 209,947 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Eldorado Gold by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 8,173,003 shares of the basic materials company’s stock worth $236,118,000 after acquiring an additional 182,780 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Eldorado Gold by 2.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,546,074 shares of the basic materials company’s stock valued at $199,274,000 after acquiring an additional 132,170 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

More Eldorado Gold News

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

• Positive Sentiment: Company provided 2026 guidance and a three‑year outlook targeting ~40% gold production growth and updated Skouries construction status — a clear operational growth story that supports longer‑term upside. Eldorado Gold Provides 2026 Guidance
• Positive Sentiment: Company reported strong 2025 full‑year and Q4 results with significant free cash flow (excluding Skouries) and increased cash from operations — positive for balance‑sheet strength and funding growth. Eldorado Gold Delivers Strong 2025 Results
• Positive Sentiment: Quarterly results showed revenue materially above estimates ($575.1M vs. ~$500.4M) and healthy margins, although EPS missed by $0.01 — mixed but tilted positive on cash generation and unit economics. Earnings Release & Call
• Neutral Sentiment: Unusually large options flow: traders bought ~2,739 call contracts (≈48% above typical volume), indicating elevated speculative/hedging interest—adds volatility and trading volume but not a direct directional signal.
• Negative Sentiment: Analyst downgrades from CIBC (from Outperform/Sector Outperform to Neutral) weighed on the stock; CIBC still sets a $54 target, but the rating change likely triggered selling pressure. BayStreet.CA The Fly
• Negative Sentiment: Canaccord downgraded EGO from Buy to Hold, adding further analyst pressure and reducing near‑term investor conviction. Finviz TickerReport

About Eldorado Gold

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.