RBC Capital analyst Michael Siperco upgraded Eldorado Gold to Outperform from Sector Perform with a price target of $20, up from $14. The analyst believes Eldorado’s share outperformance will continue as Skouries construction accelerates and the mine is de-risked into startup in the second half of 2025, partially by higher gold and copper prices. The firm says higher production, prices and cash flow are coming for the company. It models 60% consolidated GEO production growth in 2026 versus 2023.
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