Eldorado Gold Stocks Soar on Analyst Upgrades

Eldorado Gold Corporation stocks have been on an upward trend, rising by 7.47% amid optimism over strengthening gold prices.

Analysts at Jefferies initiated coverage with a Buy rating and a CA$68.96 price target, citing de-risking from Skouries commissioning and an approaching free cash flow inflection.

CIBC upgraded Eldorado Gold to Outperformer from Neutral with a C$75.25 target, pointing to stronger gold and copper prices and room for the stock to re-rate from around $37.75 toward $54.

Stifel raised Eldorado Gold to Buy from Hold with a C$65 target, citing attractive valuation, progress at McIlvenna Bay and Skouries, and stronger production guidance into 2026-2027.