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Eldorado Gold Stock Soars on Analyst Upgrades and Buyback Authorization

Guavy AI Editorial Team
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Gold Copper
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Eldorado Gold Corporation's stock has surged by 7.47% amid optimism over rising gold prices.

The surge comes as analysts have increased their price targets for the company, with Jefferies initiating coverage with a Buy rating and a CA$68.96 target.

CIBC also upgraded Eldorado Gold to Outperformer from Neutral with a C$75.25 target, citing stronger gold and copper prices and room for the stock to re-rate.

The company's Q2 adjusted EPS of $0.54 and revenue of $487.5M grew year over year but landed slightly below analyst expectations, keeping execution in focus.

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