Eldorado Gold Moves to Acquire Foran Mining in All-Share Court-Approved Deal
President's Day Sale - 70% Off
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Eldorado Gold ( (TSE:ELD) ) is now available.
On February 1, 2026, Eldorado Gold entered into a definitive arrangement agreement to acquire all issued and outstanding shares of Foran Mining Corporation via a court-approved plan of arrangement under British Columbia corporate law. Foran shareholders are to receive 0.1128 of an Eldorado common share plus C$0.01 in cash per Foran share, with Foran security-based awards converted or exchanged into Eldorado instruments in line with the agreed exchange ratio.
Upon completion of the transaction, existing Eldorado and Foran shareholders are expected to own roughly 76% and 24% of the combined company, respectively, consolidating Foran’s assets under Eldorado’s control. The deal, unanimously approved by both boards and supported by voting agreements from directors and senior officers of each company, remains subject to court, shareholder and regulatory approvals, with closing targeted for the second quarter of 2026 and Foran slated to be delisted and cease to be a reporting issuer thereafter.
The most recent analyst rating on (TSE:ELD) stock is a Hold with a C$48.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.
Spark’s Take on TSE:ELD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELD is a Outperform.
The score is driven primarily by strong profitability and a healthy balance sheet, tempered by negative free cash flow. Technicals add caution due to near-term weakness versus the 20-day average and softer momentum. The latest earnings call is constructive on production, cash generation, buybacks, and Skouries progress, but higher cost guidance and persistent Olympias challenges meaningfully cap the upside. Valuation appears mid-range with no dividend support cited.
To see Spark’s full report on TSE:ELD stock, click here.
More about Eldorado Gold
Eldorado Gold Corporation is a Canadian-based precious metals producer headquartered in Vancouver, B.C., focused primarily on gold mining and development. The company operates and advances projects across multiple jurisdictions, positioning itself as a mid-tier player in the global gold sector with a portfolio aimed at growth through acquisitions and project development.
YTD Price Performance: 30.77%
Average Trading Volume: 545,748
Technical Sentiment Signal: Buy
Current Market Cap: C$12.93B
For a thorough assessment of ELD stock, go to TipRanks’ Stock Analysis page.
