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Eldorado Gold Price Target Raised By National Bank of Canada

BY MT Newswires | ECONOMIC | 08/06/25 10:54 AM EDT

10:54 AM EDT, 08/06/2025 (MT Newswires) -- Eldorado Gold's (EGO) price target was increased to C$41 from $38 while its Outperform rating remained unchanged at National Bank of Canada, according to a Tuesday note.

The bank said it based the new price target on the company's higher EBITDA and a 5.50x EV/EBITDA multiple. In a follow-up to its first look at Q2 2025 reporting, it cited Skouries development continuing "on-time, on-budget and fully-funded", and financials showing a beat on CFPS bf w/c adj vs NBF/consensus.

After model updates, National Bank's NAVPS for the company decreased 1% to $41.55.

Eldorado traded up more than 1.1% at above $32 per share at last look Wednesday on the TSX.

Price: 31.99, Change: +0.31, Percent Change: +0.98

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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