Eldorado Gold Corp. (ELD:CA) (EGO) Scotiabank Forecasts Almost 40 Percent Upside

Eldorado Gold Corp. (ELD:CA) (EGO)

Analyst Update

Scotiabank significantly increased its 12 month price target to $81.00 from $59.00 while reiterating an “Outperform” rating, underscoring a more bullish outlook on the company’s fundamentals. The sharp target increase reflects improved confidence in Eldorado’s production profile, particularly stronger operating performance and cost control at its core assets, alongside rising free cash flow expectations. Scotiabank also appears to be factoring in a more constructive gold price environment, which enhances margin expansion and balance sheet strength. With key growth projects advancing and operational execution improving, Eldorado is viewed as well positioned to deliver above-average returns relative to peers, supporting the firm’s continued Outperform stance.

The post Eldorado Gold Corp. (ELD:CA) (EGO) Scotiabank Forecasts Almost 40 Percent Upside appeared first on Stock Target Advisor.