Can Eldorado Gold’s (EGO) Strong Momentum Continue Into 2026?

Eldorado Gold Corp. (NYSE:EGO) is one of the best precious metals stocks to buy now. The company boasts a diversified portfolio of high-quality, long-life assets, including four operating gold mines and a strong pipeline of development projects.

For 2025, the company guides gold production between 460,000 and 500,000 ounces, compared to the 520,293 ounces produced in 2024. Its growth prospects are well-pegged, with total proven & probable gold reserves standing at 11.9 million ounces.

Can Eldorado Gold’s (EGO) Strong Momentum Continue Into 2026?

Commercial production from its Skouries mine in Greece is expected to start in mid-2026. Factoring that in, the total gold production is expected to increase 44% between 2025 and 2027 to 605-665 Koz.

The company’s balance sheet is also quite strong with over $1.0 billion in cash & equivalents, as of June 2025.

Eldorado Gold Corp.’s (NYSE:EGO) optimistic outlook is evident in the September 10th reiteration of a Buy rating by RBC Capital Markets’ Michael Siperco. Not only that, the analyst also raised his price target to $34 from $27 earlier, despite the stock’s already strong year-to-date performance. The stock currently trades at the top end of its 52-week high.

Siperco’s optimistic stance has performed very well as the stock has appreciated nearly 30% since his last Buy note on August 4.

Eldorado Gold Corp. (NYSE:EGO) is a Canadian mid-tier gold and base metals producer with mining operations in Europe and the Americas.

While we acknowledge the potential of EGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.