Scotiabank Upgrades Eldorado Gold Corp (EGO) to Sector Outperform

Scotiabank analyst Tanya Jakusconek upgraded Eldorado Gold Corp (NYSE: EGO) from Sector Perform to Sector Outperform with a price target of $59.00 (from $33.00).

The analyst comments "We have upgraded EGO to Sector Outperform from Sector Perform. The upgrade for EGO is mainly due to the Skouries project entering production in Q1/26. We expect the stock to re-rate as the company moves to operating from development (moving from negative FCF to positive FCF) with the mine adding growth."

For an analyst ratings summary and ratings history on Eldorado Gold Corp click here. For more ratings news on Eldorado Gold Corp click here.

Shares of Eldorado Gold Corp closed at $46.20 yesterday.

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