The Globe and Mail reports in its Thursday, May 30, edition that RBC Dominion Securities analyst Michael Siperco has elevated his recommendation for Eldorado Gold to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco targets the shares at $20 (U.S.). Analysts on average target the shares at $16.83. Mr. Siperco says in a note: "Eldorado Gold has outperformed peers over the last year and year-to-date; we believe that will continue as Skouries construction (approximately 35 per cent of NAV [net asset value] in production) accelerates and the mine is derisked into startup in 2H25, partially by higher gold/copper prices. We model 60-per-cent consolidated GEO production growth in 2026 vs. 2023 (15-per-cent copper exposure), and our target is up to $20 from $14 reflecting our higher price deck, reduced target multiples (in line with peers) and improved forecasts for Skouries and Olympias (inline with guidance). The higher target drives our upgrade to 'outperform.'" Mr. Siperco now sees production from Skouries leading to an increase in spending in the second quarter and over the next four to five quarters. However, he sees "minimal" funding and balance sheet risk.