As previously reported, CIBC downgraded Eldorado Gold (EGO) to Neutral from Outperformer with an unchanged price target of $54. Eldorado Gold reported adjusted earnings ahead of the firm’s estimate and consensus, but this earnings beat will “likely be overshadowed” by the release of a three-year outlook that was below expectations, with first concentrate production at Skouries delayed by approximately one quarter and commercial production now expected in Q4 of 2026, the analyst tells investors.
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