Fintel reports that on January 26, 2026, Scotiabank upgraded their outlook for Eldorado Gold (NYSE:EGO) from Sector Perform to Sector Outperform.
Analyst Price Forecast Suggests 20.21% Downside
As of January 14, 2026, the average one-year price target for Eldorado Gold is $38.43/share. The forecasts range from a low of $30.96 to a high of $48.77. The average price target represents a decrease of 20.21% from its latest reported closing price of $48.17 / share.
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The projected annual revenue for Eldorado Gold is 1,192MM, a decrease of 28.94%. The projected annual non-GAAP EPS is 4.48.
What is the Fund Sentiment?
There are 317 funds or institutions reporting positions in Eldorado Gold. This is an increase of 6 owner(s) or 1.93% in the last quarter. Average portfolio weight of all funds dedicated to EGO is 0.41%, an increase of 3.67%. Total shares owned by institutions decreased in the last three months by 1.51% to 158,657K shares. 
The put/call ratio of EGO is 0.38, indicating a bullish outlook.
What are Other Shareholders Doing?
Van Eck Associates holds 16,500K shares representing 8.22% ownership of the company. In its prior filing, the firm reported owning 12,326K shares , representing an increase of 25.30%. The firm increased its portfolio allocation in EGO by 56.06% over the last quarter.
Jennison Associates holds 8,173K shares representing 4.07% ownership of the company. In its prior filing, the firm reported owning 7,990K shares , representing an increase of 2.24%. The firm increased its portfolio allocation in EGO by 42.61% over the last quarter.
Donald Smith holds 7,876K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 10,481K shares , representing a decrease of 33.08%. The firm decreased its portfolio allocation in EGO by 9.58% over the last quarter.
L1 Capital Pty holds 7,128K shares representing 3.55% ownership of the company. In its prior filing, the firm reported owning 7,494K shares , representing a decrease of 5.13%. The firm increased its portfolio allocation in EGO by 30.85% over the last quarter.
GDX - VanEck Vectors Gold Miners ETF holds 6,265K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 7,358K shares , representing a decrease of 17.44%. The firm decreased its portfolio allocation in EGO by 1.43% over the last quarter.
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