Eldorado Gold shares rallied 5.7% after BofA raised its price target to $54, highlighting the Skouries project as a primary growth driver that will significantly boost free cash flow and reduce all-in sustaining costs by 2027.
BofA upgraded Eldorado Gold to 'Buy' and raised its price target by 71% to $54, citing de-risking of the Skouries project and expected free cash flow growth in 2027.
Bank of America upgraded Eldorado Gold to 'Buy' following a site visit to the Skouries project in Greece. Analysts cite significant de-risking of the asset, projecting it will drive a 29% increase in gold production and substantial free cash flow growth by 2027.
BofA views the Skouries project as largely de-risked and a primary growth driver that will significantly increase free cash flow and gold production by 2027.