Eldorado Gold Boosts Investment in Amex Exploration

Eldorado Gold ( (TSE:ELD) ) has provided an announcement.

Eldorado Gold Corporation has acquired an additional 14,868,200 common shares of Amex Exploration Inc., increasing its ownership stake to 27.27% on a non-diluted basis. This strategic purchase, executed through a private agreement, reflects Eldorado’s focus on investment opportunities and may signal potential adjustments to its holdings in response to market conditions, highlighting its dedication to strategic growth while ensuring compliance with relevant regulations.

The most recent analyst rating on (TSE:ELD) stock is a Buy with a C$47.00 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 Outperform.

Eldorado Gold’s strong financial performance and technical indicators are the primary drivers of its high score. The company’s strategic advancements and robust financial health support a positive outlook, despite challenges with increased costs and operational issues at Olympias. The valuation is fair, and the absence of a dividend yield reflects a growth-oriented strategy.

To see Spark’s full report on TSE:ELD stock, click here.

More about Eldorado Gold

Eldorado Gold is a gold and base metals producer engaged in mining, development, and exploration operations across Türkiye, Canada, and Greece. The company focuses on safe and responsible practices, leveraging a highly skilled workforce, high-quality assets, and long-term partnerships with local communities. Its shares are traded on the Toronto Stock Exchange and the New York Stock Exchange.

Average Trading Volume: 509,371

Technical Sentiment Signal: Buy

Current Market Cap: C$9.53B

Find detailed analytics on ELD stock on TipRanks’ Stock Analysis page.