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.

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 10^th 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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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