Eldorado Gold (NYSE:EGO) Stock Gets Downgrade from Wall Street Zen

Eldorado Gold (NYSE:EGO) (TSE:ELD) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Eldorado Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Jefferies Financial Group began coverage on Eldorado Gold in a research note on Thursday, August 20th. They set a “buy” rating and a $50.00 target price on the stock. Zacks Research lowered Eldorado Gold from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Royal Bank Of Canada upped their price objective on Eldorado Gold from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Finally, Bank of America raised shares of Eldorado Gold from an “underperform” rating to a “buy” rating and increased their target price for the company from $32.00 to $54.00 in a report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.57.

Eldorado Gold Trading Down 0.0%

NYSE EGO opened at $30.59 on Friday. The company has a fifty day simple moving average of $39.78 and a two-hundred day simple moving average of $36.91. Eldorado Gold has a 12-month low of $24.57 and a 12-month high of $51.16. The stock has a market cap of $8.00 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.31 and a beta of 0.67. The company has a current ratio of 1.42, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $511.90 million during the quarter, compared to analyst estimates of $621.90 million. Eldorado Gold had a return on equity of 10.31% and a net margin of 31.67%. On average, analysts forecast that Eldorado Gold will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On Eldorado Gold

Several large investors have recently added to or reduced their stakes in EGO. Continuum Advisory LLC purchased a new stake in shares of Eldorado Gold in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC lifted its stake in shares of Eldorado Gold by 217.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,295 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 887 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Eldorado Gold during the 3rd quarter worth $58,000. EFG International AG bought a new stake in Eldorado Gold during the second quarter valued at $62,000. Finally, SBI Securities Co. Ltd. raised its position in Eldorado Gold by 33.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,544 shares of the basic materials company’s stock valued at $175,000 after buying an additional 1,143 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold News Summary

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

• Positive Sentiment: Adjusted third-quarter earnings and revenue increased year over year, while management said the Skouries and McIlvenna Bay projects are advancing toward commercial production. The company also declared a quarterly dividend of $0.075 per share, or $0.30 annualized. Eldorado Gold Q3 Adjusted Earnings, Revenue Rise
• Neutral Sentiment: The dividend is payable December 15 to shareholders of record December 1, providing income support but representing a relatively modest annual yield of about 0.9%. Eldorado Gold Q3 2026 Results and Guidance Update
• Negative Sentiment: Reported third-quarter EPS was $0.49, below the $0.53 analyst consensus, while revenue of $511.9 million was well short of the $621.9 million estimate. The earnings miss increases investor sensitivity to operating execution. Eldorado Gold Quarterly Earnings Results
• Negative Sentiment: Eldorado cut its 2026 production outlook by 18%, largely because of setbacks at Skouries. Reported Skouries costs of approximately $2,050 per ounce raise concerns about project profitability, ramp-up timing and future cash flow. Eldorado Drops as Skouries Setbacks Cut Gold Outlook

About Eldorado Gold

Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.

Eldorado’s operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.