Buy now: price is sitting just above key support (S1 ~38.44) with an oversold short-term RSI, while options positioning is strongly call-skewed (bullish sentiment).
Near-term upside setup is supported by a large, event-driven catalyst (Foran Mining acquisition) that expands growth and copper exposure, plus generally improving Street targets.
Main risk to the setup is trend weakness (MACD still bearish/expanding) and deal/integration/dilution uncertainty; however, for an impatient buyer, the current location near support offers a favorable entry versus chasing higher levels closer to the 44 pivot/50 resistance zone.
Technical Analysis
Trend/Momentum: MACD histogram -0.999 and negatively expanding → bearish momentum still in control near-term.
RSI: RSI_6 = 29.19 → short-term oversold/washed-out conditions, often consistent with bounce attempts.
Moving averages: converging MAs → consolidation after a move; suggests a decision point rather than a clean uptrend.
Levels: Support S1 ~38.44 (price 39.74 is close), deeper support S2 ~34.95; resistance pivot ~44.07 then R1 ~49.71 and R2 ~53.20.
Pattern-based forward look (given): ~90% odds for ~+1.73% next week and ~+2.63% next month → modest positive drift if support holds.
Activity: Today’s option volume 431 vs 30-day average factor 13.45 → unusually elevated activity (attention/speculation increased).
Volatility: IV30 ~69.12 with IV percentile ~98 → options are priced for big moves; market expects volatility around catalysts (deal + upcoming earnings).
Positioning balance: Call OI 39,941 vs Put OI 16,718 → open interest also skewed bullish rather than just a one-day flow.
Technical Summary
Sell
4
Buy
9
Positive Catalysts
Management projection from deal: ~ $2.1B EBITDA and ~$1.5B free cash flow by 2027 (if executed), supporting a higher growth narrative.
Options market is signaling bullish interest (call-heavy OI/volume), often supportive of near-term price attempts off support.
Neutral/Negative Catalysts
or S2 (~34.95).
Financial Performance
Latest quarter provided: 2025/Q3.
Revenue: 434.727M, up +31.04% YoY → strong top-line growth.
Profitability: Net income 56.027M, down -41.01% YoY; EPS 0.27, down -41.30% YoY → earnings compression despite higher revenue.
Margin: Gross margin 47.79%, up +25.37% YoY → operational pricing/cost mix improved at the gross level even though net income fell (suggesting below-gross or non-operating pressure).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: generally improving/constructive into late Jan, then a modest pullback in one target.
Upgrades/raises: Scotiabank upgraded to Outperform and raised target to $59 (from $33) alongside higher gold price forecasts; Canaccord previously raised target to C$70 and kept Buy.
Mixed view remains: BofA kept Underperform (target raised to $33), indicating some skepticism even as sector macros improved.
Latest change: Canaccord lowered target to C$62 (from C$70) but maintained Buy → still bullish, but acknowledging near-term valuation or deal-related uncertainty.
Wall Street pros: higher commodity price assumptions, growth pipeline and diversification (gold+copper), stronger medium-term cash flow narrative post-deal.
Wall Street cons: execution/integration risk from the large acquisition and earnings volatility (Q3 profit down YoY despite revenue growth).
Influential/political flows: No recent congress trading data available; hedge funds and insiders reported neutral (no notable recent buying/selling trend).
People Also Watch
Wall Street analysts forecast EGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGO is 37.08 USD with a low forecast of 29 USD and a high forecast of 47 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.
7 Analyst Rating
Wall Street analysts forecast EGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGO is 37.08 USD with a low forecast of 29 USD and a high forecast of 47 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.
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 36.990
Low
29
Averages
37.08
High
47
Current: 36.990
Low
29
Averages
37.08
High
47
CIBC
Outperformer
maintain
$46 -> $54
AI Analysis
2026-02-04
New
Reason
CIBC
Price Target
$46 -> $54
AI Analysis
2026-02-04
New
maintain
Outperformer
Reason
CIBC raised the firm's price target on Eldorado Gold to $54 from $46 and keeps an Outperformer rating on the shares. CIBC increased targets across the precious metals group after upped its gold price forecasts to $6,000 per ounce in 2026 and $6,500 in 2027. It also upped copper price assumptions. The same demand drivers from 2025 will remain in place in 2026 but there is heightened geopolitical uncertainty, the analyst tells investors in a research note.
Canaccord
Buy
downgrade
$70 -> $62
2026-02-03
New
Reason
Canaccord
Price Target
$70 -> $62
2026-02-03
New
downgrade
Buy
Reason
Canaccord lowered the firm's price target on Eldorado Gold to C$62 from C$70 and keeps a Buy rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for EGO
