Analyst Brian Quast of BMO Capital maintained a Buy rating on Eldorado Gold, with a price target of C$50.00.
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Brian Quast has given his Buy rating due to a combination of factors that suggest Eldorado Gold presents a promising investment opportunity. Despite the company’s recent financial performance missing expectations, with adjusted EPS and production figures slightly below estimates, Quast sees potential in Eldorado Gold’s strategic initiatives and growth prospects.
Quast highlights the company’s focus on advancing its Skouries project, which is progressing well and expected to produce its first gold by the end of Q1 2026. Additionally, the company’s valuation relative to its peers is considered attractive, and recent developments have improved its financial stability, positioning Eldorado Gold to capitalize on its organic growth opportunities. These factors contribute to the expectation that the company’s growth projects will support a re-rating of its stock, justifying the Buy recommendation.
In another report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a C$54.00 price target.
Based on the recent corporate insider activity of 269 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EGO in relation to earlier this year.