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Eldorado Gold ( (TSE:ELD) ) has issued an update.
On March 11, 2026, Eldorado Gold announced it has mailed and posted a joint management information circular for shareholder meetings of Eldorado and Foran Mining related to their previously announced combination. The board unanimously recommends Eldorado shareholders approve the share issuance needed for the deal, which is expected to deliver near-term growth, a more diversified gold‑copper asset base, substantial projected 2027 EBITDA and free cash flow, and a potential valuation re‑rating, while building on both companies’ sustainability focus.
The company also outlined a leadership transition under which CEO George Burns will retire in the third quarter of 2026 as the Skouries project ramps up, with President Christian Milau set to become CEO and join the board while Burns remains as a director. As part of broader board succession planning, long‑serving chair Steven Reid plans to retire after the 2027 annual meeting, and Foran’s executive chair and CEO Dan Myerson will join Eldorado’s board as deputy chair following completion of the transaction, signaling tighter strategic alignment between the two firms.
The most recent analyst rating on (TSE:ELD) stock is a Hold with a C$48.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.
Spark’s Take on TSE:ELD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELD is a Neutral.
The score is driven primarily by improved financial results (revenue/earnings rebound and solid capital base) but held back by uneven cash conversion and higher leverage/capex intensity. Technicals indicate a constructive longer-term trend but near-term consolidation, while valuation is only moderate given a 25.69 P/E. Earnings-call outlook is positive on growth (Skouries ramp) but balanced by execution delays and elevated costs.
To see Spark’s full report on TSE:ELD stock, click here.
More about Eldorado Gold
Eldorado Gold Corporation is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The company operates a portfolio of high-quality assets with a focus on safe, responsible mining and long-term partnerships with local communities, and its shares trade on the TSX and NYSE American under the symbols ELD and EGO, respectively.
Average Trading Volume: 669,144
Technical Sentiment Signal: Buy
Current Market Cap: C$11.02B
Learn more about ELD stock on TipRanks’ Stock Analysis page.