Bank of America upgraded Eldorado Gold from Underperform directly to Buy after analyst Lawson Winder’s site visits to its Greek mines, notably Skouries, now nearing production. BofA raised the 12-month price target to $54 and increased valuation multiples, citing structural de-risking. Skouries’ expected output and grid connection could sharply boost 2027 cash flow, though delays or metal-price falls remain key risks.
