Eldorado Acquires 14,868,200 Shares of Amex at C$4.00 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
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Source: Newsfilter
- Acquisition Scale: On December 17, 2025, Eldorado Gold Corporation acquired 14,868,200 common shares of Amex Exploration Inc. at C$4.00 per share, totaling C$59,472,800, significantly enhancing its stake in Amex.
- Increased Ownership: Following the acquisition, Eldorado's ownership in Amex rose from approximately 16.77% to 27.27%, which not only strengthens its control over the company but also potentially provides greater flexibility for future investment decisions.
- Investment Purpose: This increase in holdings is for investment purposes, responding to an unsolicited opportunity to boost its investment in Amex, indicating the company's confidence in Amex's future growth and strategic positioning.
- Compliance Disclosure: Eldorado relied on the
Analyst Views on EGO
Wall Street analysts forecast EGO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGO is 36.45 USD with a low forecast of 28.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
5 Buy
2 Hold
1 Sell
Moderate Buy
Current: 40.610
Low
28.00
Averages
36.45
High
46.00
Current: 40.610
Low
28.00
Averages
36.45
High
46.00
About EGO
Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. The Company operates four mines: Kisladag, Efemcukuru, Lamaque, and Olympias. The Kisladag, Efemcukuru and Lamaque mines are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. Kisladag is a low-grade, bulk-tonnage, open-pit operation that uses heap leaching for gold recovery. It is located in Usak Province in western Turkiye. Efemcukuru is a high-grade, underground operation located in Izmir Province in western Turkiye. The Lamaque Complex is located in Val-d'Or, Quebec. It includes the Triangle mine, the Ormaque mine, the Parallel deposit, the Plug #4 deposit, and the Sigma Mill. Olympias is a gold-silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. It also operates the Bruell Gold Project 51 claim property in Vauquelin township, Quebec.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
