Eldorado Gold (NYSE:EGO) Stock Bumped Down to “Sell” by Wall Street Zen

Wall Street Zen cut shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. Scotiabank lowered their price target on shares of Eldorado Gold from $55.00 to $47.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings downgraded Eldorado Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Royal Bank Of Canada raised their target price on Eldorado Gold from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Finally, Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.57.

Eldorado Gold Trading Down 5.5%

NYSE EGO opened at $30.59 on Friday. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.31 and a beta of 0.67. Eldorado Gold has a one year low of $24.57 and a one year high of $51.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 0.85. The business’s fifty day moving average is $39.78 and its 200-day moving average is $36.91.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results 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). Eldorado Gold had a net margin of 31.67% and a return on equity of 10.31%. The company had revenue of $511.90 million for the quarter, compared to the consensus estimate of $621.90 million. Equities research analysts predict that Eldorado Gold will post 2.74 EPS for the current year.

Eldorado Gold Dividend Announcement

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

Institutional Investors Weigh In On Eldorado Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Continuum Advisory LLC bought a new stake in shares of Eldorado Gold in the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC boosted its holdings in Eldorado Gold by 217.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,295 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 887 shares during the period. Fortitude Family Office LLC purchased a new stake in Eldorado Gold during the 3rd quarter valued at about $58,000. EFG International AG bought a new position in Eldorado Gold during the 2nd quarter worth approximately $62,000. Finally, Nykredit A S bought a new position in Eldorado Gold during the 2nd quarter worth approximately $143,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Key Stories 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.