$EGO

3 stories mentioning EGO

Every FINWIRES story that references EGO, newest first.

Eldorado Gold Maintained at Hold at Stifel Canada Following Q1 Results; Price Target Kept at C$65.00

Stifel Canada on Friday maintained its hold rating on the shares of Eldorado Gold (ELD.TO, EGO) and its C$65.00 price target following the miner's first-quarter results."Eldorado reported Q1/26 adjusted EPS of $0.95 vs. our $0.80 (consensus $0.67) and adjusted EBITDA of $336Mln vs our $307Mln on a 1.6% attributable gold production of 100.4Koz (-19% QoQ) vs. our 98.8Koz - in-line with H2-weighted FY26 guidance of 490-590Koz. Q1/26 FCF was -$129.1Mln (-$62.9Mln ex-Skouries) vs. our -$83.4Mln, driven by $135.6Mln of Skouries project capital and $48.5Mln of accelerated operational capital spent. Skouries first concentrate remains on track for Q3/26 with commercial production in Q4/26 and total project capital revised up by $155Mln to $1.315Bln due to labour, project support and overhead, materials and F/X impacts. FY26 consolidated gold production (H2-weighted) and cost guidance was maintained at 490-590Koz (ex-Skouries) at TCC of $1,220-$1,420/oz and AISC of $1,670-$1,870/oz. George Burns will retire as CEO in Q3/26; President Christian Milau will succeed him and join the Board," analyst Ralph Profiti wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $40.01, Change: $-1.96, Percent Change: -4.67%

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Mining & Metals61d ago

BMO Resumes Coverage of Eldorado Gold with Outperform Rating, C$82.00 Price Target

BMO Capital Markets on Wednesday resumed coverage of Eldorado Gold (ELD.TO,EGO) with an outperform rating and a lowered priced target of C$82.00 after the company closed its acquisition of Foran Mining.The transaction adds the McIlvenna Bay project in Saskatchewan to Eldorado's portfolio, diversifying both jurisdictional and commodity exposure while providing a clear pathway for Eldorado to produce about one-million gold-equivalent ounces by 2030, BMO said."We believe this transaction could also increase free cash flow generation, particularly if commodity prices remain elevated," BMO said.Price: $48.23, Change: $-1.80, Percent Change: -3.60%

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Research62d ago

Eldorado Gold Price Target Lowered to US$40 at TD

TD Securities lowered its price target on Eldorado Gold Corp. (ELD.TO, EGO) to US$40 from US$45 on Tuesday.Analyst Steven Green maintained a Hold rating on shares of the Canadian gold and base metals producer."We have updated our model to reflect EGO's acquisition of Foran Mining Corp. (FOM.TO), which is nearing close," Green said in a note to clients."While the transaction moves the centre of gravity toward Canada, improving the geopolitical risk profile, we view the deal as relatively expensive at ~1.5x NAV and near-term dilutive," the analyst said."We expect execution overlap with Skouries and limited near-term FCF to weigh on sentiment."

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