Canaccord cuts Eldorado Gold target to C$47 and downgrades rating to Hold
Canaccord Genuity cut its Eldorado Gold target to C$47 from C$57 and lowered its rating to Hold; ATB Cormark trimmed its target to C$61 from C$64.
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what happened
Canaccord Genuity cut its target price on Eldorado Gold to C$47 from C$57 and moved the stock to Hold from Buy. The information comes from Dow Jones Newswires, citing Baystreet. Separately, ATB Cormark lowered its target to C$61 from C$64.
why it matters
Analyst rating changes reflect brokers' views rather than new company data. For gold miner investors, such moves suggest some brokers are becoming more cautious on the shares, but they do not by themselves set the direction of prices.
tags
instruments
sources
- Eldorado Gold Corp. Price Target Cut to C$47.00/Share From C$57.00 by Canaccord Genuity — Dow Jones Newswires, 30 October 2026 at 15:38 UTC
- Eldorado Gold Corp. Price Target Cut to C$61.00/Share From C$64.00 by ATB Cormark — Dow Jones Newswires, 30 October 2026 at 15:38 UTC
- Spin Master Corp. Price Target Cut to C$21.00/Share From C$23.00 by Canaccord Genuity — Dow Jones Newswires, 30 October 2026 at 15:38 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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