Eldorado Gold Corporation (EGO) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$29.33
Price Target
$52.67
Target Range
$48.00 — $56.00
Analyst Rating
Hold
Forward P/E6.9x
Trailing P/E11.7x
Forward PEG0.25
Implied Growth+67.2%
Median Target$54.00
Analyst Spread15.2%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$48
+63.7%
Consensus
$53
+79.6%
Bull Case
$56
+90.9%
EGO Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Eldorado Gold Corporation (EGO) has a Wall Street consensus price target of $52.67, based on estimates from 24 covering analysts. With the stock currently trading at $29.33, this represents a potential upside of +79.6%. The company has a market capitalization of $5.80B.
Analyst price targets range from a low of $48.00 to a high of $56.00, representing a 15% spread in expectations. The median target of $54.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 10 analysts rating the stock as a Buy or Strong Buy,12 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, EGO trades at a trailing P/E of 11.7x and forward P/E of 6.9x. The forward PEG ratio of 0.25 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +67.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+46.7%
Avg Forward P/E9.7x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AEMAgnico Eagle Mines Limited | $89.2B | $178.14 | $237.71 | +33.4% | Buy | 12.8x | 31 |
 AUAngloGold Ashanti Plc | $45.9B | $90.98 | $133.00 | +46.2% | Buy | 8.4x | 14 |
 KGCKinross Gold Corporation | $34.5B | $28.81 | $42.25 | +46.7% | Buy | 9.2x | 28 |
 IAGIAMGOLD Corporation | $9.6B | $16.27 | $29.50 | +81.3% | Buy | 6.8x | 29 |
 EQXEquinox Gold Corp. | $10.7B | $13.60 | — | — | Buy | 9.8x | 1 |
 BTGB2Gold Corp. | $5.7B | $4.24 | $6.25 | +47.4% | Buy | 5.6x | 9 |
 NEMNewmont Corporation | $120.8B | $109.01 | $137.50 | +26.1% | Buy | 10.5x | 36 |
 GFIGold Fields Limited | $37.4B | $41.76 | $54.42 | +30.3% | Hold | 7.1x | 18 |
 HLHecla Mining Company | $11.4B | $17.05 | $23.83 | +39.8% | Hold | 18.0x | 26 |
 CDECoeur Mining, Inc. | $11.0B | $17.13 | $29.00 | +69.3% | Buy | 8.6x | 21 |
Upside Potential Comparison
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Start ComparisonEGO — Frequently Asked Questions
Quick answers to the most common questions about buying EGO stock.
What is the EGO stock price target for 2026?
The consensus Wall Street price target for EGO is $52.67, representing 79.6% upside from the current price of $29.33. With 24 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is EGO a buy, sell, or hold?
EGO has a consensus rating of "Hold" based on 24 Wall Street analysts. The rating breakdown is mixed, with 12 Hold ratings making up the largest segment. The consensus 12-month price target of $52.67 implies 79.6% upside from current levels.
Is EGO stock overvalued or undervalued?
With a forward P/E of 6.8655x, EGO trades at a relatively low valuation. The consensus target of $52.67 implies 79.6% appreciation, suggesting meaningful undervaluation.
How high can EGO stock go?
The most bullish Wall Street analyst has a price target of $56 for EGO, while the most conservative target is $48. The consensus of $52.67 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover EGO stock?
EGO is well covered by analysts, with 24 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 10 have Buy ratings, 12 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the EGO stock forecast?
The 12-month EGO stock forecast based on 24 Wall Street analysts shows a consensus price target of $52.67, with estimates ranging from $48 (bear case) to $56 (bull case). The median consensus rating is "Hold".
What is EGO's forward P/E ratio?
EGO trades at a forward P/E ratio of 6.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy EGO stock?
Wall Street analysts are very optimistic on EGO, with a "Hold" consensus rating and $52.67 price target (79.6% upside). 10 of 24 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do EGO price targets vary so much?
EGO analyst price targets range from $48 to $56, a 15% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $52.67 consensus represents the middle ground.