Eldorado Gold (NYSE:EGO) Stock Bumped Down to “Hold” by Canaccord Genuity Group

Canaccord Genuity Group cut shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks reports.

EGO has been the topic of several other research reports. Jefferies Financial Group started coverage on shares of Eldorado Gold in a research report on Thursday, August 20th. They set a “buy” rating and a $50.00 target price on the stock. Stifel Nicolaus raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada upped their target price on Eldorado Gold from $37.00 to $41.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Wall Street Zen downgraded Eldorado Gold from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Canadian Imperial Bank of Commerce raised Eldorado Gold from a “neutral” rating to an “outperform” rating in a research report on Sunday, August 9th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.57.

Eldorado Gold Stock Performance

Shares of EGO stock opened at $30.59 on Friday. The firm has a market capitalization of $8.00 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.33 and a beta of 0.67. The firm has a fifty day simple moving average of $39.78 and a two-hundred day simple moving average of $36.91. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Eldorado Gold has a 12 month low of $24.57 and a 12 month high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $511.90 million for 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%. Analysts forecast that Eldorado Gold will post 2.74 EPS for the current fiscal year.

Eldorado Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, December 1st. Eldorado Gold’s payout ratio is 10.00%.

Hedge Funds Weigh In On Eldorado Gold

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in Eldorado Gold by 39.0% in the second quarter. Van ECK Associates Corp now owns 18,678,256 shares of the basic materials company’s stock worth $580,739,000 after buying an additional 5,241,277 shares during the last quarter. Caisse de depot et placement du Quebec bought a new stake in shares of Eldorado Gold in the second quarter valued at $7,356,000. Jupiter Topco LLC bought a new stake in shares of Eldorado Gold in the second quarter valued at $3,621,000. Bank of America Corp DE bought a new stake in shares of Eldorado Gold in the second quarter valued at $18,797,000. Finally, Fund 1 Investments LLC purchased a new position in shares of Eldorado Gold during the 2nd quarter valued at $2,577,000. Institutional investors own 69.58% of the company’s stock.

Key Headlines Impacting Eldorado Gold

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

Eldorado Gold Company Profile

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.