Eldorado Gold Corporation (NYSE: EGO) is named one of the top 13 gold mining companies to invest in now. RBC Capital increases its price target on EGO from $38 to $47 and maintains a Buy rating on the stock. BofA Securities foresees gold prices potentially reaching $5,000 per ounce in 2026.

BofA Securities predicts gold prices could soar to $7,000 per ounce if it mirrors the 2000s bull cycle. Analyst Lawson Winder identifies EGO as having the highest gold price leverage in North American mining companies. The company’s proven and probable gold reserves increased by 5% to 12.5 million ounces.

Although BofA Securities maintains an Underperform rating on EGO due to risks surrounding the Skouries project, it raises the price target from $28 to $29. Despite this, EGO continues to focus on gold and base metals production with operations in Turkey, Canada, and Greece.

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Read more at Yahoo Finance: Is Eldorado Gold (EGO) One of the Best Gold Mining Companies to Invest In Now?