Update: BofA Upgrades Eldorado Gold to Buy From Underperform, Lifts Price Target to $54 From $32

10:43 AM EDT, 09/22/2026 (MT Newswires) -- (Updates with the analyst's commentary.) BofA Securities upgraded Eldorado Gold (EGO) to buy from underperform and raised its price target to $54 from $32. Following the de-risking of Skouries, the company's "flagship growth asset," the brokerage said it expects free cash flow to increase to $1.5 billion in 2027. BofA said it also expects Eldorado's gold production to increase by 29% and all-in sustaining costs to fall by 24% in the same year. Eldorado Gold has an average rating of overweight and mean price target of $47.82, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us) Price: 44.33, Change: +1.96, Percent Change: +4.63