Eldorado Gold Corporation (NYSE: EGO) receives a raised price target from Scotiabank from $24 to $25.50, maintaining a Sector Perform rating. The company reported record Q2 FY2025 revenue of $452 million, exceeding estimates by $38.20 million and achieving a total production of 133,769 ounces of gold.

Analyst Tanya Jakusconek is optimistic about Eldorado Gold Corporation’s future, citing positive developments at the Skouries project. The company is on track to produce between 460,000 and 500,000 ounces of gold by 2025, with the first copper-gold concentrate production expected in Q1 2026.

Eldorado Gold Corporation (NYSE: EGO) is a Canada-based gold and base metals producer with operations in Turkiye, Canada, and Greece. Despite its potential as an investment, certain AI stocks may offer greater upside potential and less downside risk according to analysts.

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Read more at Yahoo Finance: Scotiabank Raises PT on Eldorado Gold Corporation from $24 to $25.50, Keeps Sector Perform Rating