Track market-moving stories before they get noisy

Healthpeak Properties, Inc. (DOC) Q1 2026 Earnings Call Transcript

REITs are undervalued and out-of-favor compared to AI-driven tech stocks, creating a contrarian opportunity. Rising construction costs are constraining new supply, increasing the value and pricing power of existing REIT portfolios. Multiple REITs, including AH REALTY TRUST, Chiron Real Estate, Piedmont Realty Trust, and Healthpeak Properties, report higher replacement costs and favorable re-leasing spreads.

Healthpeak Properties earns a buy rating, driven by strong capital allocation and a compelling portfolio mix across Outpatient Medical, Labs, and Senior Housing. DOC trades at ~11x P/FFO with a >6% dividend yield, offering both stability and upside from secular and cyclical trends in its segments. Recent moves—like the Janus Living IPO, opportunistic acquisitions, and disciplined share buybacks—unlock value and enhance capital efficiency.

Key Takeaways Healthpeak expanded lab and outpatient leasing as occupancy and rent spreads improved in Q1 2026.DOC posted 13.8% senior housing NOI growth and Janus Living revenue rose 35% Y/Y.Healthpeak raised liquidity with $267M in proceeds and a new $400M unsecured term loan. Shares of Healthpeak Properties (DOC - Free Report) have gained 22.7% over the year-to-date period, outperforming the industry's upside of 12.7%.

This healthcare real estate, carrying a Zacks Rank #3 (Hold), is strategically positioning toward lab, outpatient medical and life plan assets in high-barrier markets, driven by strong leasing momentum, rising occupancy and growth in its senior housing platform, Janus Living. Management is using dispositions and structured transactions to fund focused growth while enhancing liquidity and maintaining investment flexibility across cycles.

Image Source: Zacks Investment Research

Factors Behind DOC Stock Price Surge: Will the Trend Last?Healthpeak’s continued focus on the lab segment remains a strategic fit, as drug discovery and development spending supports long-term demand for high-quality lab real estate in its core clusters of San Diego, San Francisco and Boston. During the first quarter of 2026, Healthpeak executed 141,000 square feet of lab leases, with 92% tied to new leasing and had roughly 355,000 square feet under LOI. Total lab occupancy ended the first quarter of 2026 at 77.7%, up from the 77% at year-end 2025. Management expects year-end 2026 lab occupancy to be higher than the 2025 level.

The outpatient medical segment continues to show steady fundamentals that support recurring cash flow. In the first quarter of 2026, Healthpeak executed nearly 1.1 million square feet of outpatient leases, achieved 5.4% cash re-leasing spreads on renewals and ended the quarter at 91% total occupancy, with 79% tenant retention. Subsequent to quarter-end and through early May, the company executed additional outpatient leasing activity and reported a larger pipeline under letter of intent (LOI), which should help sustain occupancy and rent growth over time.

Healthpeak’s exposure to life plan communities remains tied to demand for senior housing services, and the Janus Living structure adds a clearer vehicle for growth. In the first quarter of 2026, senior housing same-store cash (adjusted) net operating income (NOI) grew 13.8% year over year, reflecting stronger operating performance in the life plan portfolio. Janus Living reported year-over-year revenue growth of 35% and adjusted EBITDA expansion of 42% for the quarter.

Healthpeak continues to reposition its portfolio toward lab, outpatient medical and life plan assets in high barrier-to-entry markets, using dispositions and structured transactions to fund growth. In the first quarter of 2026, it generated $267 million of proceeds from recapitalizations, dispositions and loan repayments, including a joint venture recapitalization. These actions support a longer-term approach to driving per-share earnings growth while keeping investment activity flexible across cycles.

Healthpeak has been taking steps to bolster its near-term liquidity. The company ended the first quarter of 2026 with net debt-to-EBITDA of 5.4x. Cash and cash equivalents rose to $1.17 billion from $467.5 million in the last quarter, reflecting the Janus Living IPO proceeds. As of May 4, 2026, it maintained long-term credit ratings of Baa1 from Moody’s and BBB+ from S&P Global. The company also increased financial flexibility with a new $400 million unsecured delayed-draw term loan.

Key Risks for DOCCompetition from other industry players in the healthcare services sector is a key concern for Healthpeak. Risks associated with rising construction costs and substantial debt burden add to its woes.

Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are American Tower (AMT - Free Report) and Lamar Advertising (LAMR - Free Report) , each carrying a Zacks Rank of #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for AMT’s 2026 FFO per share is pegged at $10.95, which indicates year-over-year growth of 1.77%.

The Zacks Consensus Estimate for LAMR’s full-year FFO per share is pinned at $8.63, which suggests an increase of 4.48% from the year-ago period.

Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.

It has been about a month since the last earnings report for Healthpeak (DOC - Free Report) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Healthpeak due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

Healthpeak Q1 FFOA Tops Estimates on Steady Leasing MomentumHealthpeak Properties posted first-quarter 2026 funds from operations as adjusted (FFOA) per share of 45 cents, beating the Zacks Consensus Estimate by 4.7%, but declined 2.2% year over year. Total revenues were $752.95 million, which rose 7.1% year over year and exceeded the consensus mark by 12.1%.

The quarter’s performance reflected the benefits from steady leasing activity, along with the Janus Living IPO and active capital allocation. Operationally, the company reported 1.2 million square feet of combined outpatient medical and lab new and renewal lease executions, reinforcing continued tenant demand in key parts of the portfolio.

Leasing Shows Outpatient Strength, Lab PressureLeasing momentum remained an important operating signal. In outpatient medical, new leases totaled 195,000 square feet, and renewals totaled 868,000 square feet, with cash releasing spreads on renewals of 5.4%. The company also cited meaningful post-quarter leasing and letters of intent activity through early May.

Lab leasing was more mixed. New lab leases were 129,000 square feet, and renewals were 12,000 square feet, with 3.5% cash releasing spreads on renewals. Even with sequential occupancy improvement in the lab portfolio, management expects occupancy to build through year-end 2026, implying a continued focus on backfilling space and stabilizing that segment.

Healthpeak’s Janus Living IPO Reframes Growth DriversA central narrative for the quarter was the completion of the Janus Living IPO, which generated approximately $880 million of net proceeds. Healthpeak remains Janus Living’s largest shareholder, owning 81.6% as of early May 2026, and management tied the structure to favorable senior housing supply-demand dynamics.

Janus Living’s updates also carried operational relevance. The senior housing REIT reported first-quarter net income of 13 cents per share and FFOA of 23 cents per share, while noting it was under contract for about $400 million of additional senior housing acquisitions. Healthpeak consolidates Janus Living’s results, with the non-owned portion reflected as a noncontrolling interest.

Balance Sheet Actions Highlight Recycling and BuybacksHealthpeak emphasized continued capital recycling. The company generated $267 million of proceeds from recapitalizations, dispositions and loan repayments, including the recapitalization and sale of an 80% joint venture interest in a fully occupied, six-property outpatient medical portfolio valued at $212 million, which generated about $170 million of proceeds.

Capital return also featured prominently. In April 2026, the company repurchased 5.9 million common shares for roughly $100 million at a weighted average share price of $16.81.

Healthpeak exited the first quarter with cash and cash equivalents of $1.17 billion, significantly up from $467.5 million as of Dec. 31, 2025. Its net debt to adjusted EBITDAre was 5.4X as of March 31, 2026.

Healthpeak Raises 2026 View After Solid First QuarterManagement lifted FFOA per share guidance to $1.71-$1.75 from the earlier guided range of $1.70-$1.74.

Same-store expectations were reaffirmed at (1.0%) to 1.0% for total same-store cash (adjusted) NOI growth for 2026.

How Have Estimates Been Moving Since Then?Estimates revision followed a downward path over the past two months.

VGM ScoresAt this time, Healthpeak has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Healthpeak has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerHealthpeak belongs to the Zacks REIT and Equity Trust - Other industry. Another stock from the same industry, Cousins Properties (CUZ - Free Report) , has gained 1.7% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

Cousins Properties reported revenues of $261.11 million in the last reported quarter, representing a year-over-year change of +7.4%. EPS of -$0.15 for the same period compares with $0.74 a year ago.

Cousins Properties is expected to post earnings of $0.73 per share for the current quarter, representing a year-over-year change of +4.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Cousins Properties. Also, the stock has a VGM Score of F.

Kohl's Corporation (NYSE:KSS) reported first quarter 2026 results that showed a smaller-than-expected loss and better-than-anticipated revenue and sales trends, sending its shares up about 17% on Thursday.

For the quarter ended May 2, 2026, Kohl’s posted a diluted loss of $0.13 per share, beating Wall Street expectations for a loss of $0.21 per share.

Revenue totaled $3 billion, slightly ahead of estimates of $2.99 billion.

Net sales declined 1.7% year-over-year, while comparable sales fell 1.1%, a smaller drop than the 1.7% decline analysts had forecast.

Kohl’s CEO Michael Bender said the company’s “key initiatives continue to drive progressive improvements to the business,” highlighting the retailer’s “best comparable sales performance in over four years.”

He also pointed to disciplined cost management, lower inventories, and an improved balance sheet.

“We remain committed to delivering more value and a better experience to our customers,” Bender said.

Kohl’s reiterated its full-year fiscal 2026 guidance. The company continues to expect net and comparable sales to range from a 2% decline to flat, with adjusted operating margin projected between 2.8% and 3.4%.

Adjusted diluted earnings per share are expected in the range of $1 to $1.60, while capital expenditures are forecast between $350 million and $400 million.

The company also declared a quarterly cash dividend of $0.125 per share, payable June 24, 2026, to shareholders of record as of June 10, 2026.

Kohl's (KSS - Free Report) reported $3.17 billion in revenue for the quarter ended April 2026, representing a year-over-year decline of 2%. EPS of -$0.13 for the same period compares to -$0.13 a year ago.

The reported revenue represents a surprise of +0.18% over the Zacks Consensus Estimate of $3.16 billion. With the consensus EPS estimate being -$0.18, the EPS surprise was +27.78%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Kohl's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Number of stores - Total: 1,151 compared to the 1,153 average estimate based on three analysts.Comparable store sales - YoY change: -1.1% versus -1.9% estimated by three analysts on average.Revenue- Net sales: $3 billion compared to the $2.99 billion average estimate based on three analysts. The reported number represents a change of -1.7% year over year.Revenue- Other revenue: $169 million versus the three-analyst average estimate of $171.32 million. The reported number represents a year-over-year change of -8.2%.View all Key Company Metrics for Kohl's here>>>

Shares of Kohl's have returned -7.5% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Kohl's Corporation (NYSE:KSS) reported first quarter 2026 results that showed a smaller-than-expected loss and better-than-anticipated revenue and sales trends, sending its shares up about 17% on Thursday.

For the quarter ended May 2, 2026, Kohl’s posted a diluted loss of $0.13 per share, beating Wall Street expectations for a loss of $0.21 per share.

Revenue totaled $3 billion, slightly ahead of estimates of $2.99 billion.

Net sales declined 1.7% year-over-year, while comparable sales fell 1.1%, a smaller drop than the 1.7% decline analysts had forecast.

Kohl’s CEO Michael Bender said the company’s “key initiatives continue to drive progressive improvements to the business,” highlighting the retailer’s “best comparable sales performance in over four years.”

He also pointed to disciplined cost management, lower inventories, and an improved balance sheet.

“We remain committed to delivering more value and a better experience to our customers,” Bender said.

Kohl’s reiterated its full-year fiscal 2026 guidance. The company continues to expect net and comparable sales to range from a 2% decline to flat, with adjusted operating margin projected between 2.8% and 3.4%.

Adjusted diluted earnings per share are expected in the range of $1 to $1.60, while capital expenditures are forecast between $350 million and $400 million.

The company also declared a quarterly cash dividend of $0.125 per share, payable June 24, 2026, to shareholders of record as of June 10, 2026.

Key Takeaways Kohl's Q1 loss of 13 cents per share beat estimates despite a 1.7% sales decline.KSS gross margin rose 4 bps to 39.9% on higher proprietary brand penetration.Kohl's expects FY26 sales to range from down 2% to flat with EPS of $1.00-$1.60. Kohl's Corporation (KSS - Free Report) reported first-quarter fiscal 2026 loss per share of 13 cents, which was narrower than the Zacks Consensus Estimate of a loss of 18 cents. The bottom line remained flat compared with the prior year.

Total revenues were $3,167 million, down 2% from the prior-year quarter’s $3,233 million. The top line beat the Zacks Consensus Estimate of $3,161 million. The company’s net sales fell 1.7% to $2,998 million, while other revenues fell 8.2% to $169 million. Comparable sales were down 1.1% year over year. We expected comparable sales to decrease 1.8%.

Kohl’s Quarterly Margin HighlightsThis Zacks Rank #2 (Buy) company’s gross margin increased 4 basis points (bps) year over year to 39.9%. The improvement was primarily driven by higher penetration of proprietary brands. However, the improvement was partially offset by increased shipping costs resulting from greater digital sales penetration.

SG&A expenses dropped 1.6% to $1,145 million, reflecting combined savings in credit and corporate expenses. As a percentage of total revenues, SG&A expenses increased 15 bps to 36.2%. We anticipated SG&A expenses, as a percentage of net sales, to be 35.9%.

Operating income decreased to $46 million, down from $60 million in the prior year. Operating margin was 1.4%, reflecting a decrease of 41 bps year over year.

KSS’ Financial Health Snapshot & Other UpdatesKohl's ended the quarter with cash and cash equivalents of $429 million and shareholders’ equity of $4,024 million.

Net cash used in operating activities was $74 million for the three months ending May 2, 2026. Management expects capital expenditures in the range of $350 million to $400 million for fiscal 2026.

On May 20, 2026, Kohl’s declared a quarterly cash dividend of 12.50 cents per share, payable June 24, to its shareholders of record as of June 10.

What to Expect From KSS in FY26?For fiscal 2026, Kohl’s expects net sales and comparable sales to decline 2% to flat, with an adjusted operating margin of 2.8% to 3.4% and adjusted earnings per share in the range of $1.00 to $1.60.

The company’s shares have lost 16.5% in the past three months against the industry’s growth of 0.5%.

Image Source: Zacks Investment Research

Other Stocks to ConsiderFive Below, Inc. (FIVE - Free Report) operates as a specialty value retailer in the United States and currently holds a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Five Below’s current fiscal-year sales and earnings calls for growth of 11.4% and 19.5%, respectively, from the year-ago reported numbers. FIVE delivered a trailing four-quarter earnings surprise of 63.4%, on average.

Ross Stores, Inc. (ROST - Free Report) , operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands in the United States. It carries a Zacks Rank #2 at present. ROST delivered a trailing four-quarter earnings surprise of 10.2%, on average.

The Zacks Consensus Estimate for Ross Stores’ current fiscal-year sales and earnings implies an increase of 8.2% and 15.6%, respectively, from the prior-year levels.

Dillard's, Inc. (DDS - Free Report) operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. It carries a Zacks Rank #2 at present. DDS delivered a trailing four-quarter average earnings surprise of 27.9%.

The Zacks Consensus Estimate for Dillard's current fiscal-year sales and earnings implies an increase of 1.9% and 0.1%, respectively, from the prior-year levels.

Veteran retailer Kohl's (KSS +7.50%) was a rather unexpected darling on the stock market on Thursday. The retailer, which has had notable struggles over the past few years, delivered a first-quarter earnings report that surprised on the upside. Investors showed their appreciation by trading the stock up by almost 21% that day.

Investors love a double beat In the quarter, Kohl's reported net sales of $3 billion, down 1.7% year over year. That was on the back of comparable sales that fell by 1.1%. In a more promising development, its headline net loss under generally accepted accounting principles (GAAP) narrowed slightly to $14 million ($0.13 per share), from the year-ago shortfall of $15 million.

Image source: Getty Images.

Both figures topped analyst estimates, particularly on the bottom line. The consensus for net sales was $2.99 billion, while for per-share net loss it was $0.21.

In its earnings release, Kohl's quoted CEO Michael Bender as saying that "Our key initiatives continue to drive progressive improvements to the business, resulting in our best comparable sales performance in over four years."

"In addition, we continue to manage the business with great discipline, leading to strong expense management, cleaner inventories, and an improved balance sheet," he added.

Today's Change

(

7.50

%) $

1.19

Current Price

$

17.06

Retail revival? Kohl's reiterated its guidance for the full year 2026. It's forecasting that both net and comparable sales will be flat to 2% lower against 2025, while non-GAAP (adjusted) net income should range from $1 to $1.60 per share. The analyst consensus of $1.36 for the latter line item falls within the company's guidance range.

Like those bullish investors on Thursday, I see plenty to like with Kohl's results, even if net sales and "comps" are slumping.

These declines aren't enough to warrant abandoning the stock, in my view, and management is doing a decent job of reducing expenses (selling, general, and administrative costs were down by almost 2% in the quarter). Although still risky, Kohl's looks like a decent bet on a potential long-term turnaround.

On May 28, 2026, Kohl's Corp KSS shares rose 20.6%, closing at $15.59. The stock has experienced a 52-week range between $7.82 and $25.22, showcasing significant volatility in recent times.

GF Value™ verdict: Current price of $15.59 is 11.8% below the GF Value™ estimate of $17.67, indicating it is undervalued.GF Score™: The stock has a GF Score™ of 74/100, suggesting it is rated above average in terms of its overall investment quality.Most notable signal: There has been no insider buying in the last three months, indicating a lack of confidence from management. Is KSS Overvalued or Undervalued? Kohl's Corp KSS is currently trading at $15.59, which is below the GF Value™ estimate of $17.67. This represents an 11.8% margin of safety, suggesting that there is a potential opportunity for investors to capitalize on the stock's undervaluation. The GF Valuation label classifies KSS as "Modestly Undervalued," which indicates that while the stock is not significantly undervalued, it may present a favorable entry point under current circumstances. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

While the stock's current price indicates an undervaluation, it is important to approach this opportunity cautiously, given the recent trends and the broader economic environment affecting retail. The modest undervaluation does not mitigate the inherent risks associated with investing in a company that has had volatile performance in recent years.

How Does KSS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 6.6x 8.1x Forward P/E 11.5x N/A The current P/E (TTM) of 6.6x is 19% below its 5-year median of 8.1x, suggesting that Kohl's is trading at a lower valuation relative to its historical performance. This P/E analysis aligns with the GF Value™ verdict, confirming the stock's status as undervalued and reinforcing the potential opportunity for investors at this time.

What Does KSS's GF Score™ Tell Us? Metric Rating GF Score™ 74 Financial Strength 5/10 Profitability 6/10 Growth 4/10 Valuation 8/10 Momentum 8/10 The GF Score™ of 74/100 indicates that Kohl's has an above-average investment quality. The strongest area is its Valuation and Momentum ranks, both at 8/10, suggesting that the stock is currently favorably priced and experiencing positive price movements. However, the weakest areas are its Financial Strength and Growth ranks, which are rated at 5/10 and 4/10, respectively, indicating potential concerns about the company's financial stability and future growth prospects.

What Are Insiders Doing with KSS Stock? In the last three months, there has been no insider buying, with insiders selling $0.0M. This lack of activity might suggest that insiders do not have strong confidence in the stock's near-term prospects, which could be a cautionary signal for outside investors. Generally, insider activity is closely monitored as it can indicate management's outlook on the company's performance.

What This Means for Investors Based on the analysis, Kohl's Corp KSS is currently undervalued according to the GF Value™ estimate. While there are signs of potential opportunity, investors should remain aware of the risks involved, particularly given the company's recent financial performance and lack of insider confidence.

For the complete analysis, visit the Kohl's Corp KSS stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is KSS's GF Score™?

KSS's GF Score™ is 74/100, indicating that it ranks above average in terms of investment quality based on key metrics.

Is KSS overvalued or undervalued?

KSS is currently undervalued, with a GF Value™ estimate of $17.67 compared to its current price of $15.59.

What is KSS's P/E ratio?

KSS has a P/E (TTM) of 6.6x, which is 19% below its 5-year median of 8.1x, indicating that it is trading below its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

© robertcicchetti / Getty Images

Pre-Market Stock Futures: Futures are trading higher to start a new trading week and a new month after what was an incredible May, and anybody who followed “Sell in May and Go Away” is having total seller’s remorse. All the major indices, except the Russell 2000, finished the day higher, helping them reach all-time highs, capping off one of the most incredible record-breaking months in years. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite closed at fresh all-time highs on Friday. The Dow Jones Industrials led the way, closing at 51,032, up 0.71%, while the S&P 500 ended the session at 7,580, up 0.22% and an amazing 5.1% for the month. The tech-heavy Nasdaq posted a similar gain, closing the day at 26,972, up 0.21%. As mentioned, the only loser on Friday was the small-cap Russell 2000, which finished the week at 2,919.

Treasury Bonds: Once again, as was the case all last week, yields across the Treasury curve were down except for the short T-bill maturities. The broader Treasury market has continued its rebound from sharp declines earlier in the month. Yields had climbed to near multi-decade highs, with the 30-year Treasury yield breaking above 5.18%, creating an attractive “buy the dip” opportunity for institutional investors looking to lock in elevated returns. The 30-year-long bond finished Friday at 4.97%, while the 10-year note was last seen at 4.44%.

Oil and Gas: Oil prices closed lower on Friday as hopes for a settlement with Iran are improving and could be finalized soon. Brent Crude finished the day at $91.10, down 1.73%, while West Texas Intermediate was last seen at $87.36, also down 1.73%. Natural gas closed the day at $3.29, up 0.15%, capping off a stellar week for the commodity. 

Gold: Published reports indicated that many of the top firms we cover on Wall Street have turned decisively bullish on the precious metals. After trading sideways since February, a move higher this summer could be in the cards. Gold closed trading on Friday at $4,538, up 0.97%, while Silver was last seen at $75.15, down 0.51%.

Crypto: On Friday, the broader cryptocurrency market traded mostly flat with a mild upward tilt, delivering a modest intraday recovery. Bitcoin stabilized in the mid-$73,000 range, bouncing back from an earlier slump that had tested April lows. Meanwhile, major altcoins showed strength in the morning session, with XRP leading the charge, posting solid gains. At 8 AM EDT, Bitcoin is trading at $72,620, while Ethereum is quoted at $1,981.

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Monday, June 1, 2026.  

Upgrades: Dell Technologies (NYSE: DELL | DELL Price Prediction) was upgraded to Equal Weight from Underweight at Morgan Stanley, which rocketed the target price for the shares to $448 from $170. Federal Realty Investment Trust (NYSE: FRT) was raised to Outperform from Neutral at Mizuho, which moved the target price for the shares up to $130 from $121. Kohl’s (NYSE: KSS) was raised to Buy from Neutral at Citigroup, which lifted the target price to $22 from $14. Marriott Vacations Worldwide (NYSE: VAC) caught a double upgrade from Sell to Buy at Goldman Sachs, which boosted the price target to $100 from $70. Zscaler (NASDAQ: ZS) was upgraded to Buy from Neutral at Guggenheim, with a $214 target price. Downgrades: Accenture (NYSE: ACN) was downgraded to Hold from Buy at Truist, which lowered the target price to $210 from $260. Black Sky Technology (NYSE: BKSY) was cut to Hold from Buy at Jefferies, with a $50 target price. The analysts noted that the shares were up 159% this year, so a valuation cut was warranted. Campbell’s (NYSE: CPB) was downgraded to Equal Weight from OverweightatStephens, which trimmed the target price for the legacy food company to $21 from $23. Caesars Entertainment (NASDAQ: CZR) was downgraded to Hold from Buy at Deutsche Bank, which trimmed the target price to $31 from $35. Redwire (NYSE: RDW) was downgraded to Hold from Buy at Jefferies, which raised the target price for the stock to $24 from $13.  This was also a valuation cut as the shares are up 223% in 2026. Initiations: Carnival (NYSE: CCL) was initiated with a Buy rating at Loop Capital, with a $36 target price. HawkEye 360 (NYSE: HAWK) was initiated with a Buy rating at Goldman Sachs, with a $42 target price objective. Baird initiated coverage of the shares with an Outperform rating and a $41 target, while Raymond James started coverage with a Strong Buy rating and a $40 target price. The stock was a recent successful IPO. International Business Machines (NYSE: IBM) was started with an Outperform rating at Citizens, which has a $350 target price for the venerable technology company. Microsoft (NASDAQ: MSFT) was initiated with an Outperform rating at Citigroup, with a $550 target price for the legacy technology giant. Realty Income (NYSE: O) was assumed with a Buy rating at Jefferies, which trimmed the target price for the legacy REIT to $69 from $75.

Key Takeaways KSS posted a $0.13 loss as net sales slipped 1.7% to $3.17B; comps fell 1.1%.KSS expanded value messaging with broader coupon eligibility and more private brands; juniors rose 10%.KSS inventory fell 8% YoY as digital sales grew 4%, including an AI gift finder launched via Google Gemini Kohl’s Corporation (KSS - Free Report) used its first-quarter fiscal 2026 call to argue that operational fixes are starting to show up in the numbers. Management pointed to the best comparable sales performance in more than four years and a more stable core card customer.

The call mattered less for the headline loss and more for what executives said about assortment, value, inventory and digital execution as they try to rebuild consistency

Kohl’s Sees Early Benefits From ResetChief executive officer Michael Bender said the quarter showed progressive improvement after a year spent resetting the business. Comparable sales fell 1.1%, but he framed that as a meaningful step forward given the backdrop and the company’s recent trend.

Bender said Kohl’s card customers stabilized to a flat comp, a sharp improvement from the mid-single-digit decline in the fourth quarter. He also highlighted a 6% comparable-sales increase in proprietary brands as evidence that opening price points and product quality are resonating.

The financial release supported that steadier tone. Net sales declined 1.7% to $3.17 billion, while the loss per share was $0.13, matching the prior year. That result was better than the Zacks Consensus Estimate for a loss of $0.18, producing a 27.78% surprise, while revenue came in just above the $3.16 billion consensus.

KSS Leans Harder Into Value and Private BrandBender returned repeatedly to value as Kohl’s central message for a pressured low- to middle-income customer. He said the company is expanding coupon eligibility, increasing proprietary-brand inventory and using marketing to reinforce its By Kohl’s labels.

Management tied some of the strongest category commentary to that strategy. Women’s, kids, accessories and home were flat to slightly positive, while juniors rose 10%, helped by the SO brand. Executives also cited strength in LC Lauren Conrad, Sonoma and Flex.

Chief financial officer Jill Timm said private brands are serving both loyal and newer shoppers because they fill a gap at more affordable opening price points. In Q&A, she said those brands are now being used more deliberately to restore relevance with Kohl’s charge customers and improve traffic.

Kohl’s Says Inventory Work is Paying OffInventory discipline was one of the clearest areas of management confidence. Timm said inventory fell 8% from a year ago, yet receipts rose 1%, which she described as evidence of cleaner and fresher goods rather than a pullback in investment.

She said apparel depth is being planned in the high single digits, while choice counts are planned down by a similar amount. That shift is meant to improve what management called trip assurance or the ability for customers to find the right item, size and color in stock.

Bender said spring seasonal sales rose in the mid-teens after the company corrected earlier planning and allocation mistakes. Timm added that cleaner inventory is giving Kohl’s room to chase demand and preserve regular-price selling, even as it invests part of that flexibility back into sharper value.

KSS Points to Digital Momentum and Store GapsTimm said stores underperformed in the quarter, declining in the low single digits as transactions weakened. Digital sales, by contrast, grew 4%, helped by higher traffic and continued expansion of the marketplace business.

Management argued that digital improvements are becoming more tangible. Bender highlighted a newly launched AI-powered gift finder through Google Gemini, while executives also pointed to better navigation, curated online experiences, clearer delivery information and easier returns.

That digital momentum is not without a tradeoff. Timm said stronger e-commerce penetration is pressuring margins through higher shipping costs, which largely offset the gross-margin benefit from proprietary brands in the quarter. Gross margin still improved by 4 basis points to 39.9%.

Kohl’s Reaffirms Outlook but Flags Consumer PressureKohl’s reaffirmed its fiscal 2026 outlook for comparable sales ranging from down 2% to flat, adjusted operating margin of 2.8% to 3.4% and adjusted earnings per share of $1.00 to $1.60.

Timm said the company was pleased with both the first quarter and the start of the second quarter, but she stressed that guidance still reflects a cautious view of discretionary spending. She said the core consumer remains financially pressured and selective.

She also noted that guidance excludes any benefit from potential tariff refunds. Kohl’s submitted $140 million of claims in the first quarter and said total eligible refunds are $190 million, but none were received during the period.

KSS Q&A Focused on What Must Improve NextAnalyst questions centered on durability, margins, stores, Sephora and capital allocation. In response to Baird, management sounded more explicit that private brands, spring execution and earlier seasonal transitions are driving the recent improvement.

Questions from TD Cowen pushed on store traffic and Sephora. Executives said men’s and footwear should improve as assortment changes and back-to-school newness arrives, while Sephora is expected to track closer to company performance as MAC rolls out chainwide and skincare adds new brands.

The balance-sheet discussion also drew attention. Timm said Kohl’s ended the quarter with $429 million in cash and no borrowings on its asset-based lending facility, repurchased $50 million of debt at a discount and still sees free cash flow of roughly $500 million to $600 million this year.

What the Zacks Signals IndicateKSS carries a Zacks Rank #3 (Hold), along with a Value Score of A, a Growth Score of B, a Momentum Score of C and a VGM Score of A. In Zacks terms, the Value and VGM grades point to relatively stronger value and combined style characteristics, while the Hold rank signals more balanced near-term expectations. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

That mix does not point to a decisive directional call on its own. A Zacks Rank #3 can still be held, and the stronger style grades improve the stock’s profile within that rank, but estimate revisions remain the key driver in the system and the rank can change after analysts fully digest the quarter.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

© Lokibaho / iStock Unreleased via Getty Images

Beaten-down retail names trading under $15 are getting a second look from value-focused investors this spring, especially the ones quietly improving cash flow while the headlines stay grim. With the consumer split into a clear K-shape and an ultra-hawkish Federal Reserve regime under Kevin Warsh squeezing rate-sensitive sectors, institutional capital has largely left department stores for dead. That setup is exactly where mispricings tend to live.

With that in mind, here is one stock trading under $15 where the operational data and the share price are telling very different stories.

Kohl’s (NYSE: KSS) Kohl’s (NYSE:KSS | KSS Price Prediction) is a U.S. department store chain headquartered in Menomonee Falls, Wisconsin, operating more than 1,100 locations along with a growing digital business anchored by Sephora at Kohl’s.

Shares closed at $13.06 on May 22, 2026, after a 35.35% year-to-date drawdown from $20.20. For a retail investor, that price tag is meaningful: it pairs a sub-$15 entry point with a name that still threw off $1.008 billion in free cash flow last fiscal year. The market is pricing this like a melting ice cube; the financials are not cooperating with that thesis.

On fundamentals, Kohl’s trades at a trailing P/E of 5 and a price-to-book of 0.352, with FY2025 EPS of $2.38. The dividend yield sits at 3.94% on a $0.50 annual payout, putting it firmly in high-yield territory at this share price. The Wall Street consensus price target of $16.96 implies double-digit upside from current levels, though the rating mix leans cautious with 2 Buys, 7 Holds, 2 Sells, and 2 Strong Sells.

The bull case is the gap between operations and sentiment. Q4 FY2026 delivered adjusted EPS of $1.07 versus $0.8512 expected, a 25.7% beat, on revenue of $5.17 billion that topped estimates by 9.49%. Gross margin expanded 25 basis points to 33.1%, SG&A declined 4.9%, and inventory fell 7% year over year. Most striking, revolving credit borrowings collapsed from $749 million to $45 million, and free cash flow surged 453.85% to $1.008 billion. CEO Michael Bender said, “We are ending 2025 in a stronger position than we started… we made meaningful progress, despite our Q4 topline coming in softer than our expectations.”

The growth flywheel is also turning. Sephora at Kohl’s completed its full-chain rollout and is tracking toward a $2 billion beauty business, with MAC now in over 850 stores alongside Tarte and Charlotte Tilbury. Digital penetration rose 220 basis points in Q4, and the impulse queueing line drove over 40% category sales growth.

The risk cutting against this thesis is real. Comparable sales fell 2.8% in Q4, traffic remains soft, and the dividend was cut 75% from $0.50 to $0.125 quarterly in 2025 to preserve balance sheet flexibility. Macro pressure is showing up in the data: gasoline spending spiked to $503.7 billion in March 2026, squeezing discretionary apparel budgets, while services already represent 69% of total PCE. There is also a 10% interest rate on $360 million in senior secured notes due 2030 to service. But these are known knowns, and they appear baked into a stock trading at 0.0944 times sales. With cash flow rebuilding and the balance sheet de-risking, the setup under $15 looks like a turnaround machine the market refuses to price.

Kohl’s has plenty of cyclical and structural questions still to answer. Do your own diligence, size positions to your risk tolerance, and weigh whether the cash-flow recovery story is one you want to own through another uneven consumer cycle.

Kohl's Donates $1 Million to Create Active Play and Wellness Spaces at Boys & Girls Clubs Nationwide Kohl’s (NYSE: KSS) announced today $1 million in wellness grants to transform facilities at nine Boys & Girls Clubs locations nationwide, funding projects ranging from playgrounds and turf fields to dedicated youth support spaces. Reflecting Kohl’s ongoing commitment to family health and wellness for all, the funding will support upgrades that help young people develop healthy habits, strengthen their well-being, and access resources designed to serve Club youth and communities for generations.

“Kohl’s and Boys & Girls Clubs of America share a commitment to helping young people and families nationwide access the resources and support they need to lead healthy lives,” said Christie Raymond, Kohl’s Chief Marketing Officer. “We’re honored to be in a position to support the incredible work Clubs do every day by funding projects that create spaces for youth to stay active, build confidence, and develop important life skills that can support them far into the future.”

“Kohl’s continued investment in Boys & Girls Clubs of America is helping create spaces where young people can grow stronger — physically, emotionally, and socially,” said Jennifer Bateman, Senior Vice President of Youth Development at Boys & Girls Clubs of America. “These wellness grants will give Club youth access to safe, welcoming environments where they can develop healthy habits that will benefit them for years to come. We’re grateful for Kohl’s partnership and shared commitment to supporting kids and families in communities across the country.”

Selected based on community need, the following projects will be completed this summer:

Boys & Girls Clubs of the Valley (Phoenix, Ariz.): $150,000 grant to install an outdoor turf flag football field Boys & Girls Clubs of Metro Atlanta (Atlanta, Ga.): $200,000 grant to upgrade playgrounds, improve sports and movement spaces, and add a dedicated teen wellness area across five Atlanta-area Club sites Boys & Girls Clubs of Southeast Missouri (Cape Girardeau, Mo.): $45,000 grant to provide fitness equipment and wellness resources for the new Teen Center Boys & Girls Clubs of Philadelphia (Philadelphia, Pa.): $205,000 grant to complete a broader wellness center expansion, adding a fitness center, outdoor recreation space, and Serenity Garden Boys & Girls Clubs of Austin (Austin, Texas): $100,000 grant to establish “Cool, Creative Corners” across 28 Club sites throughout the Austin area, providing teens with dedicated spaces to manage stress and express themselves Boys & Girls Clubs of Collin County (Frisco, Texas): $100,000 grant to create a teen-focused wellness room and upgrade the lounge to better support mental and emotional health Boys & Girls Clubs of McAllen (McAllen, Texas): $105,000 grant to install a gym floor and fund additional essential sports equipment Boys & Girls Clubs of Pleasants County (St. Mary’s, W. Va.): $50,000 grant to expand teen programming with the addition of calming spaces, a teen café, and a dedicated chill zone that supports emotional well-being Boys & Girls Clubs of Janesville (Janesville, Wis.): $45,000 grant to create a dedicated teen wellness space designed to support mental health through sensory elements, flexible seating, and a café-style environment Kohl’s and Boys & Girls Clubs of America kicked off the first round of projects last week with events for youth at Boys & Girls Clubs of the Valley in Arizona and Boys & Girls Clubs of Metro Atlanta in Georgia. Youth were surprised with field day events and activities; Kohl’s is also donating Tek Gear active apparel to Club kids and staff.

Since 2017, Kohl’s Cares has given nearly $20 million total to BGCA in support of youth health and wellness, trauma-informed care training for staff, shopping grants for Club kids, the Youth of the Year program, and more.

Funding is made possible through Kohl’s Cares Goods For Good®, which donates 100 percent of the net profit to nonprofits supporting families nationwide.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl’s is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families’ realest moments. Kohl's serves millions of families in its more than 1,100 stores in 49 states, online at Kohls.com, and through the Kohl's App. With a large national footprint, Kohl’s is committed to making a positive impact in the communities it serves. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com.

About Boys & Girls Clubs of America

For more than 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. Over 5,500 Clubs serve more than 4 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. The national headquarters is located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebookand LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260611274818/en/

AI is beginning to disrupt far more industries than most investors expected. As barriers to entry collapse, many businesses could face lower growth and valuations. But one asset class may actually benefit from this shift.

REITs were rolling out of the gates in early-2026, coming back into favor amid a HALO trade (Heavy Assets, Low Obsolescence) after a half-decade of rate headwinds and unfavorable narrative. The oil price surge tied to the Iran conflict has complicated the rotation by sending rates soaring, yet REITs have remained surprisingly resilient in recent weeks, maintaining sizable year-to-date outperformance. REIT-rate correlations have eased in recent quarters, signaling a more favorable "regime change" where performance is driven by property fundamentals rather than macro forces, following a prolonged period of rate-dominated.

-

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the quarter ended March 31, 2026, after 5 p.m. (Eastern Time) on Wednesday, April 29, 2026, and will host a conference call the following day, Thursday, April 30, 2026, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update.

The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference ID 5472282.

The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com.

A replay of the conference call will be available beginning shortly after the end of the event until May 10, 2026, by dialing 1-800-770-2030 and using the playback ID 5472282. A replay of the webcast will also be accessible on the Investor Relations section of the Company's website for a limited time following the event.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. As of March 31, 2026, the Company owned approximately 70,400 acres of farmland in 11 states, including Arkansas, California, Colorado, Illinois, Indiana, Louisiana, Missouri, Nebraska, South Carolina, Texas, and West Virginia. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. Additional information: www.farmlandpartners.com or (720) 452-3100.

More News From Farmland Partners Inc.

Back to Newsroom

Farmland Partners (FPI - Free Report) came out with quarterly funds from operations (FFO) of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to FFO of $0.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +25.00%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.21 per share when it actually produced FFO of $0.25, delivering a surprise of +19.05%.

Over the last four quarters, the company has surpassed consensus FFO estimates three times.

Farmland Partners, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $10.1 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 15.06%. This compares to year-ago revenues of $10.25 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.

Farmland Partners shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 4.3%.

What's Next for Farmland Partners?While Farmland Partners has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Farmland Partners was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.05 on $9.33 million in revenues for the coming quarter and $0.36 on $44.78 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Service Properties (SVC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.

This real estate investment trust is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +42.9%. The consensus EPS estimate for the quarter has been revised 38.6% lower over the last 30 days to the current level.

Service Properties' revenues are expected to be $342.91 million, down 21.2% from the year-ago quarter.

Surging oil prices and hotter inflation reports reignited rate-hike concerns, sending Treasury yields to one-year highs as the Iran conflict remained stalemated despite the highly anticipated Trump-Xi summit.

A rollercoaster quarter for AIM, over which the index lost 5%, ended with a flourish, with the small-cap benchmark up 1.4% over the last five trading days as a little confidence was restored to the market.

That said, it underperformed the FTSE 100, which advanced almost 4% over the trading week, pricing in a potential return to normality if Donald Trump follows through with his rhetoric to end the Iran conflict in a matter of weeks.

Up 45% over the week, RC Fornax PLC (AIM:RCFX), the veteran-led defence consultancy, was boosted by a positive trading update on Tuesday in which it reported £1.4 million of new orders and purchase order extensions during March. That lifted its revenue visibility for the current financial year to more than £5.1 million.

Cavendish, the company's corporate broker, maintained its 'buy' rating and 50p target price on the stock. That's a bullish call, given the shares are currently changing hands at 10.5p.

Everyman gets a director vote of confidence

Everyman Media Group PLC (AIM:EMAN), the upmarket cinema chain where you can have an Italian bottled beer and charcuterie board delivered to your seat, was near the top of the bill after a 35% jump in its share price.

It followed share purchases by director and ASK Pizza founder Samuel Kaye, which has taken his stake in the business to 8.36%.

Not far behind with a 33% advance was Silver Bullet Data Services Group PLC (AIM:SBDS) where investor Keith Morris has doubled his stake up to almost 18%.

BRCK Group shares surged 30% after the brick distributor said it had rejected a takeover approach from US private equity firm Atlas Holdings, saying the indicative 65p per share cash offer fundamentally undervalued the business. It remains to be seen whether Atlas will make a second pass for a company whose stock has halved in value since its September 2021 high.

Catenai PLC (AIM:CTEA) rose 22% to 0.3p after Alludium, its investee company and developer of a no-code artificial intelligence agent operating system, achieved two internationally recognised information security certifications.

Up 10%, rapid diagnostic tests specialist Abingdon Health PLC (AIM:ABDX) was buoyed by the award of a series of significant contracts with a US customer to develop and scale up the manufacture of several multiplex quantitative lateral flow assay systems measuring multiple biomarkers simultaneously in human samples.

Mirriad runs out of road

Onto the week's big losers. Leading the list was Mirriad Advertising PLC (AIM:MIRI, FRA:8WQ, OTCQX:MMDDF), which specialises in the rather niche area of inserting advertising into film, TV and sports content. One suspects it's an area that AI will trounce without even a sideways glance.

Anyway, this week's news was less about competition and very much about the financial here and now of the business, which is running short of cash. That set off alarm bells as the stock fell 52%. The damage would have been worse if not for a revival of sorts in the share price on Friday.

Shares in Burford Capital Limited (LSE:BUR), which finances legal cases, dropped 46% to a six-year low after a US federal appeals court overturned a $16.1 billion judgment against Argentina in the long-running YPF nationalisation case. Analysts at Berenberg had estimated the claim was worth around $3 billion to Burford. Argentina's president Javier Milei celebrated the 2-1 Manhattan court ruling on X.

Litigation Capital Management Ltd (AIM:LIT),  which wasn't involved in the case, was off 31% after what it described as a challenging financial first half. That's something of an understatement after booking a statutory loss of more than $100 million.

Down 22% over the week, the pain continued for Distil (AIM:DIS), the premium spirits group, after last week's warning that full-year revenues would miss market expectations by a material margin and that the business faces an immediate short-term funding need.

Under the radar: a biotech trust worth a look

And finally, International Biotechnology Trust (ISE:IBT) may be flying under the radar for investors looking for a diversified, income-generating route into one of the most dynamic corners of the market. The current discount of 12.5% to its net asset value would suggest so.

Managed by Ailsa Craig and Marek Poszepczynski at Schroders, the trust invests across around 100 quoted and unquoted biotech and life sciences companies, with a focus on oncology, rare diseases and mental health.

It has outperformed the Nasdaq Biotechnology Index with lower volatility over five years, and pays a dividend equivalent to 4% of net asset value annually.

Your vote is important. Vote in advance of the proxy voting deadline on Thursday, April 2, 2026 at 10:00 a.m. (Vancouver time).Shareholder questions or need voting assistance? Please contact Laurel Hill Advisory Group by email at [email protected], or by texting INFO to, or calling, 1-877-452-7184 (North American toll-free) or 1-416-304-0211 (outside North America). VANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX:ELD) (NYSE:EGO) (“Eldorado”) reminds its shareholders to vote FOR the ordinary resolution approving the issuance of common shares of Eldorado (the “Share Issuance Resolution”) in connection with the previously announced proposed plan of arrangement (the “Arrangement”) with Foran Mining Corporation (TSX:FOM, OTCQX: FMCXF) (“Foran”), and Foran reminds its securityholders to vote FOR the resolution approving the Arrangement (the “Arrangement Resolution”).

Eldorado’s special meeting of shareholders (the “Eldorado Meeting”) to consider and vote on the Share Issuance Resolution will be held in person on April 7, 2026 at 10:00 a.m. (Vancouver time) at the offices of Blake, Cassels & Graydon LLP, Suite 3500, 1133 Melville Street, The Stack, Vancouver, British Columbia.

Foran’s special meeting of securityholders (the “Foran Meeting”) to consider and vote on the Arrangement is scheduled for Tuesday, April 7, 2026 at 1:00 p.m. (Toronto time) at the offices of McCarthy Tétrault LLP located at Suite 5300, 66 Wellington Street West, Toronto, Ontario.

The Board of Directors of each of Eldorado and Foran has unanimously approved the proposed Arrangement and unanimously recommends that Eldorado shareholders vote FOR the Share Issuance Resolution and that Foran securityholders vote FOR the Arrangement Resolution, respectively.

The proposed Arrangement will bring together Eldorado’s established operating platform and financial strength with Foran’s highly attractive copper growth profile. Under the terms of the Arrangement, Foran shareholders will receive 0.1128 of an Eldorado common share plus C$0.01 in cash for each Foran common share held. Upon completion of the Arrangement, Foran will become a wholly-owned subsidiary of Eldorado.

Why Vote FOR 

The Boards of Directors of Eldorado and Foran believe the proposed arrangement is in the best interests of their respective companies and stakeholders. In recommending that Eldorado shareholders vote FOR the Share Issuance Resolution and Foran securityholders vote FOR the Arrangement Resolution, the respective boards considered and relied upon the following strategic rationale for the proposed arrangement: 

Peer-leading near-term growth: Positioned to deliver a leading growth profile, underpinned by two fully financed development projects – Skouries and McIlvenna Bay advancing toward commercial production in Q3 2026 and mid-2026, respectively. Substantial EBITDA & free cash flow: Expected to generate approximately $2.1 billion of EBITDA1 and $1.5 billion in free cash flow2 in 2027. This robust long-term cash flow will fund growth initiatives, strengthen the balance sheet and support continued shareholder returns through dividend and share buyback programs, while maintaining financial flexibility through commodity cycles. Long-life, diversified asset base: Combined portfolio delivers balanced gold-copper exposure (~77% gold, ~4% silver, ~15% copper, and ~4% other metals) across attractive mining jurisdictions in Canada, Greece, and Türkiye, providing jurisdictional and commodity diversification. Significant exploration upside: Eldorado will continue to accelerate high-value organic growth opportunities. This includes advancing Foran’s high-grade polymetallic Tesla zone as well as maximizing the exploration potential surrounding Eldorado’s existing operating and development assets. Compelling re-rate opportunity: With increased scale and trading liquidity, near-term growth and enhanced Canadian exposure the combination will support a valuation re-rate opportunity. Sustainability-focused operations: Strong alignment across sustainability principles, carbon efficient practices, and a shared commitment to responsible mining will enable the combined company to focus on transparent sustainability performance and continued advancement in GHG emissions mitigation.  Questions & Voting Assistance

Eldorado and Foran encourage all Eldorado shareholders and Foran securityholders, respectively, to vote in advance of the Eldorado Meeting and Foran Meeting, as applicable. Every vote is important, regardless of the number of securities held. The proxy voting deadline is 10:00 a.m. (Vancouver time) on Thursday, April 2, 2026.

Shareholders with questions or who require assistance in voting are encouraged to contact Eldorado’s and Foran’s proxy solicitation agent and shareholder communications advisor:

Laurel Hill Advisory Group

North American Toll-Free: 1-877-452-7184

Outside North America (Collect): 1-416-304-0211

Email: [email protected]

Shareholders may also text INFO to 1-877-452-7184 or 1-416-304-0211 for assistance.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. Eldorado has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

About Foran Mining

Foran is a near-term critical minerals producer, committed to supporting a greener future and empowering communities while creating value for its stakeholders. The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and exploration activities of Foran, and hosts the McIlvenna Bay Deposit and Tesla Zone.

The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba, and is part of the world-class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran’s ground in eastern Saskatchewan, a distance of over 225 km.

Eldorado Gold Contacts:

Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
[email protected]

Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
[email protected]

Foran Mining Contact

Investor Relations
Jonathan French, Vice President, Capital Markets & External Affairs
306-808-4051
[email protected]

1 EBITDA calculated as revenue based on public disclosure less cash operating costs based on street consensus analyst estimates as per S&P CapIQ. 

2 Based on street consensus estimates as per FactSet, calculated as operating cash flow less capex. 

Cautionary Note about Forward-looking Statements and Information

Certain of the statements made and information provided in this news release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipates”, “believes”, “budget”, “continue”, “deliver” “estimates”, “expects”, “forecasts”, “generate” “guidance”, “intends”, “plans”, “projected” or “scheduled” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to: Eldorado and Foran’s intent to complete the Transaction and specifically Eldorado’s intent to acquire all the outstanding Foran common shares; approval of the Transaction by Eldorado shareholders and Foran securityholders; the date and time of the Eldorado shareholder meeting and the Foran securityholder meeting; management’s views on the positive impacts of the proposed Transaction and the strategic rationale for the Transaction; management’s belief that the combined entity is a re-rate opportunity; views on the life of assets; expectations of benefits from metal prices and demand for critical minerals; management’s view of the exploration potential of the combined entity; the combined company’s focus on its commitment to transparent performance and GHG mitigation; management’s belief that the combined company will be capable of organically funding sustained growth; expected weightings of the combined portfolio; expectations that the Skouries and McIlvenna Bay projects will enter into production in Q3 2026 and mid‑2026, respectively; and the expected EBITDA and free cash flow of the combined entity in 2027. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of Eldorado, Foran and the combined company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Forward-looking statements and forward-looking information are by their nature based on a number of assumptions, that management considers reasonable. However, such assumptions involve both known and unknown risks, uncertainties, and other factors which, if proven to be inaccurate, may cause actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include, for Eldorado and the combined company, assumptions concerning: timing, cost and results of our construction and development activities, improvements and exploration; the future price of gold, copper and other commodities; exchange rates; anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; mineral reserves and resources; our ability to effectively use invested capital and unlock potential expansion opportunities across the portfolio; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of productivity initiatives; the time and cost necessary for anticipated overhauls of equipment; expected by-product grades; the use, and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business; the sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that Eldorado operates in; and for Foran, these assumptions include the availability of funds for the McIlvenna Bay project; trading access and market prices related to the Eldorado common shares issuable upon completion of the Arrangement; the expected percentage ownership of former Foran securityholders of the Eldorado common shares on a non-diluted basis immediately following completion of the Arrangement; the delisting of the Foran’s common shares from the TSX and OTCQX and Foran ceasing to be a reporting issuer; success of the McIlvenna Bay Project; successful initiation of commercial production at McIlvenna Bay project and the results thereof; prices for zinc, copper, gold and silver remaining as estimated; currency exchange rates remaining as estimated; tonnage of ore to be mined and processed; ore grades and recoveries; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. In addition, except where otherwise stated, we have assumed completion of the Transaction on the contemplated timeline and, except where otherwise stated, a continuation of existing business operations on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other important factors that may cause actual results, activities, performance or achievements to be materially different from those described in the forward-looking statements or information. These risks, uncertainties and other factors include, among others: receipt of approval from Eldorado shareholders and Foran securityholders, and the required court, regulatory and other consent and approvals to complete the Transaction; the potential of a third party making a superior proposal to the Transaction and the possibility that the Arrangement Agreement could be terminated as a result of a superior proposal; commodity price risk; development risks at Skouries and other construction and development projects including the ability of key suppliers to meet key contractual commitments in terms of schedules, amount of product delivered, cost, or quality and our ability to construct key infrastructure within the required timelines, and unexpected inclement weather and climate events that may delay timelines; risks relating to our operations in foreign jurisdictions; risks related to production and processing; risks related to our improvement projects; our ability to secure supplies of power and water at a reasonable cost; prices of commodities and consumables; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables; inflation risk; community relations and social license; environmental matters; our ability to completely understand geotechnical structures, geotechnical and hydrogeological conditions or failures; regulatory requirements as they relate to mine plan approvals; waste disposal; mineral tenure; permits; non-governmental organizations; reputational issues; climate change; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; risks related to replacement of mineral reserves; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic, or similar public health threats; regulated substances; the acquisition of Foran Mining Corporation, including timing, risks and benefits thereof; acquisitions, including integration risks; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings); total cash costs per ounce and AISC (particularly in relation to the market price of gold and Eldorado’s profitability); currency risk; interest rate risk; credit risk; tax matters; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); the global economic environment; labour (including in relation to availability of labour resources, including for including for construction, development and improvements activities, and their productivity employee/union relations, the Greek transformation, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); default on obligations; current and future operating restrictions; reclamation and long-term obligations; credit ratings; change in reporting standards; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks relating to environmental, sustainability, and governance practices and performance; corruption, bribery, and sanctions; employee misconduct; litigation and contracts; conflicts of interest; compliance with privacy legislation; dividends; tariffs and other trade barriers; and those risk factors discussed in Eldorado’s most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in Eldorado’s most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR which discussion provides a fuller understanding of the risks and uncertainties that affect Eldorado’s business and operations.

In respect of Foran, risks, uncertainties and other factors include Foran’s reliance on the McIlvenna Bay Property; Foran has a history of losses and may not be able to generate sufficient revenue to be profitable or to generate positive cash flow on a sustained basis; Foran is exposed to risks related to mineral resources exploration and development; risks related to the Arrangement, including the Arrangement not being completed, failure to realize the anticipated benefits of the Arrangement, risks related to Foran and Eldorado, the Arrangement Agreement’s restrictions on Foran and Eldorado in respect of taking certain actions, expected costs incurred in connection with the Arrangement and the diversion of Foran’s management as a result of the Arrangement, and the anticipated impacts resulting therefrom; failure to comply with covenants under Foran’s amended credit facility or its equipment finance facility may have a material adverse impact on Foran’s operations and financial condition; Foran may require additional financing and future share issuances may adversely impact share prices; Foran has no history of mineral production; uncertainties and risks relating to the McIlvenna Bay 2025 Technical Report; and the additional risks identified in Foran’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Although Foran has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended.

The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, each of Eldorado and Foran does not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of Eldorado’s business contained in its respective reports filed with the securities regulatory authorities in Canada and the U.S., as applicable, and to the additional information contained in Foran’s filings with the securities regulatory authorities in Canada.

Non-IFRS Measures

This news release contains certain forward-looking non-IFRS financial measures, including earnings before interest, taxes, depreciation and amortization (“EBITDA”) and free cash flow. The historical non‑IFRS financial measures that are equivalent to such forward‑looking non‑IFRS financial measures, and the most directly comparable IFRS financial measures, together with reconciliations between such measures and explanations of their composition, are disclosed in the section entitled “Non‑IFRS and Other Financial Measures and Ratios” in the annual management discussion and analysis of Eldorado for the financial year ended December 31, 2025, which is available under Eldorado’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov and which section in incorporated by reference in this new release.

Posted by Defense World Staff on Apr 6th, 2026

Shares of Eldorado Gold Corporation (NYSE:EGO – Get Free Report) (TSE:ELD) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $43.7143.

A number of analysts have recently commented on the stock. Royal Bank Of Canada lowered shares of Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective on the stock. in a research report on Tuesday, February 17th. Zacks Research lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. TD Cowen cut their price target on shares of Eldorado Gold from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, February 24th. Canaccord Genuity Group cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Scotiabank lowered their target price on Eldorado Gold from $59.00 to $58.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 25th.

Read Our Latest Report on Eldorado Gold

Eldorado Gold Stock Up 0.1% NYSE:EGO opened at $35.83 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83. The company has a market cap of $7.12 billion, a PE ratio of 14.45, a PEG ratio of 0.15 and a beta of 0.66. Eldorado Gold has a 52-week low of $15.30 and a 52-week high of $51.16. The stock has a 50-day simple moving average of $40.70 and a 200 day simple moving average of $34.90.

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last released its earnings results on Thursday, February 19th. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $575.14 million during the quarter, compared to the consensus estimate of $500.42 million. Eldorado Gold had a net margin of 27.89% and a return on equity of 8.63%. On average, sell-side analysts expect that Eldorado Gold will post 1.5 EPS for the current fiscal year.

Eldorado Gold Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Eldorado Gold’s dividend payout ratio (DPR) is currently 12.10%.

Institutional Investors Weigh In On Eldorado Gold Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Eldorado Gold by 50.0% during the first quarter. Goldman Sachs Group Inc. now owns 798,205 shares of the basic materials company’s stock worth $13,426,000 after buying an additional 266,048 shares during the last quarter. Geode Capital Management LLC lifted its stake in Eldorado Gold by 6.0% in the second quarter. Geode Capital Management LLC now owns 113,368 shares of the basic materials company’s stock valued at $2,318,000 after acquiring an additional 6,383 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Eldorado Gold by 1,209.2% in the second quarter. JPMorgan Chase & Co. now owns 339,370 shares of the basic materials company’s stock valued at $6,903,000 after acquiring an additional 313,449 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Eldorado Gold in the 2nd quarter valued at about $1,038,000. Finally, Jump Financial LLC acquired a new position in shares of Eldorado Gold during the 2nd quarter worth about $859,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Company Profile (Get Free Report)

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.

Featured Articles Five stocks we like better than Eldorado Gold

Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAppFolio, Inc. (NASDAQ:APPF) Given Consensus Rating of “Buy” by Analysts

NEXT HEADLINE »B&M European Value Retail S.A. (LON:BME) Given Average Recommendation of “Moderate Buy” by Brokerages

Strong Shareholder Support for Transaction with Foran, with Over 84% Approval April 07, 2026 14:39 ET  | Source: Eldorado Gold Corporation

VANCOUVER, British Columbia, April 07, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD, NYSE American: EGO) (“Eldorado” or the “Company”) today announced the voting results from its special meeting of shareholders held on Tuesday, April 7, 2026 (the “Meeting”). Eldorado shareholders voted to approve the issuance of common shares of Eldorado in connection with the proposed plan of arrangement (the “Arrangement”) with Foran Mining Corporation (TSX: FOM, OTCQX: FMCXF) (“Foran”). 84.21% of the votes cast by the common shareholders at the Meeting were in favour of the resolution to approve the issuance of Eldorado common shares in connection with the Arrangement.

“This strong level of shareholder support marks an important milestone in progress towards completion of the Arrangement with Foran,” said George Burns, Chief Executive Officer. “The addition of McIlvenna Bay will enhance our portfolio with a high-quality, long-life Canadian asset that complements our existing operations and strengthens our position as a disciplined, growth-oriented gold and copper producer. This transaction reinforces our ability to deliver long-term value through a combination of operational expertise, a strong balance sheet, and a pipeline of high-quality growth opportunities. We look forward to satisfying the remaining closing conditions and completing the transaction for the benefit of our shareholders, employees, communities, and partners.”

The issuance of Eldorado common shares in connection with the Arrangement required approval of a simple majority of the votes cast by the holders of Eldorado Shares. A total of 149,602,115 common shares, representing 75.31% of the votes attached to all outstanding common shares, were voted at the meeting. Detailed voting results for the Meeting will be available under Eldorado’s profiles on SEDAR+ (www.sedarplus.ca) and Edgar (www.sec.gov).

As announced earlier today by Foran, shareholders of Foran voted to approve the Arrangement at the special meeting of securityholders of Foran held on April 7, 2026.

In addition to the securityholder approvals that have been obtained, the Arrangement is subject to final court approval and the satisfaction of certain other customary closing conditions for transactions of this nature. The hearing of the Supreme Court of British Columbia for the final order to approve the Arrangement is expected to take place on April 9, 2026, and Eldorado expects the Arrangement to close on or about April 14, 2026.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contact

Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
[email protected]

Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
[email protected]

Cautionary Note about Forward-looking Statements and Information

Certain of the statements made and information provided in this news release are forward-looking statements or forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipates”, “believes”, “budgets”, "committed", “continue”, “estimates”, “expects”, "focus", “forecasts”, "foresee", "forward", "future", "goal", “guidance”, “intends”, "opportunity", "outlook", “plans”, “potential”, "schedule", "strategy", "target", “underway”, "working" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “can”, “could”, "likely", "may", “might”, “will” or "would" be taken, occur or be achieved. Forward-looking statements and forward-looking information contained in this news release includes, but is not limited to, statements or information with respect to: Eldorado’s intent to complete the arrangement with Foran (including the expected timing thereof) and specifically Eldorado’s intent to acquire all the outstanding shares of Foran; management’s beliefs with respect to the positive impacts of adding the McIlvenna Bay asset to Eldorado’s portfolio and the strategic rationale for the transaction; the timing of the hearing of the Supreme Court of British Columbia for the final order to approve the Arrangement; and generally Eldorado’s strategy, plans and goals.

Forward-looking statements and forward-looking information are by their nature based on a number of assumptions, that management considers reasonable. However, such assumptions involve both known and unknown risks, uncertainties, and other factors which, if proven to be inaccurate, may cause actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include assumptions concerning: the receipt of the final order approving the Arrangement from the Supreme Court of British Columbia; timing, cost and results of our construction and development activities, improvements and exploration; the future price of gold, copper and other commodities; receipt of all required permits on the timelines we expect; the global concentrate market; exchange rates; anticipated values, costs, expenses and working capital requirements; our ability to continue accessing our project funding and remain in compliance with all covenants and contractual commitments related thereto; availability of labour resources, including for construction, development and improvements activities; production and metallurgical recoveries; Mineral Reserves and Mineral Resources; our ability to effectively use invested capital and unlock potential expansion opportunities across the portfolio; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of productivity initiatives; the time and cost of shipping for important or critical items for construction, development and improvements activities or necessary for anticipated overhauls of equipment; expected by-product grades; the use, and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business; the sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that we operate in. In addition, except where otherwise stated, Eldorado has assumed a continuation of existing business operations on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other important factors that may cause actual results, activities, performance or achievements to be materially different from those described in the forward-looking statements or information. These risks, uncertainties and other factors include, among others: the required court, regulatory and other consents and approvals required to complete the Arrangement; the potential of a third party making a superior proposal to the Arrangement and the possibility the agreement governing the Arrangement could be terminated as a result of a superior proposal; commodity price risk; development risks including the ability of key suppliers to meet key contractual commitments in terms of schedules, amount of product delivered, cost, or quality and our ability to construct key infrastructure within the required timelines, and unexpected inclement weather and climate events that may delay timelines; risks relating to our operations in foreign jurisdictions; risks related to production and processing; risks related to our improvement projects; our ability to secure supplies of power and water at a reasonable cost; prices of commodities and consumables; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables; inflation risk; community relations and social license; environmental matters; our ability to completely understand geotechnical structures, geotechnical and hydrogeological conditions or failures; regulatory requirements as they relate to mine plan approvals; waste disposal; mineral tenure; permits; non-governmental organizations; reputational issues; climate change; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; risks related to replacement of mineral reserves; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic, or similar public health threats; regulated substances; the acquisition of Foran Mining Corporation, including timing, risks and benefits thereof; acquisitions, including integration risks; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings); total cash costs per ounce and AISC (particularly in relation to the market price of gold and the Company’s profitability); currency risk; interest rate risk; credit risk; tax matters; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); the global economic environment; labour (including in relation to availability of labour resources, including for including for construction, development and improvements activities, and their productivity employee/union relations, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); commodity price risk; default on obligations; current and future operating restrictions; reclamation and long-term obligations; credit ratings; change in reporting standards; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks relating to environmental, sustainability, and governance practices and performance; corruption, bribery, and sanctions; employee misconduct; litigation and contracts; conflicts of interest; compliance with privacy legislation; dividends; tariffs and other trade barriers; and those risk factors discussed in our most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR under our Company name, which discussion is incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect our business and operations.

The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the United States.

VANCOUVER, British Columbia, April 14, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX:ELD) (NYSE:EGO) (“Eldorado”) is pleased to announce the completion of Eldorado’s acquisition of all of the outstanding shares of Foran Mining Corporation (“Foran”) pursuant to a plan of arrangement (the “Transaction”).

“Closing this transaction marks an important milestone for Eldorado,” said George Burns, Chief Executive Officer. The acquisition of Foran enhances our portfolio with the addition of McIlvenna Bay a high-quality, long-life asset in a premier mining jurisdiction, further strengthening the balance and resilience of our existing asset base. McIlvenna Bay also provides Eldorado with additional exposure to copper, a recognized critical mineral, and offers exceptional exploration potential, enhancing the long‑term growth of our portfolio. We look forward to working alongside the Foran team to advance the McIlvenna Bay project responsibly and deliver sustainable, long-term value for our shareholders and stakeholders.”

With Foran now a wholly-owned subsidiary of the Company, Eldorado intends to de-list the Foran shares from the TSX and OTCQX as soon as practicable. Eldorado also intends to submit an application to the applicable securities regulators to have Foran cease to be a reporting issuer and terminate its public reporting obligations under Canadian securities laws.

Information for Former Foran Shareholders

In order to receive the Transaction consideration in exchange for their Foran shares, registered shareholders of Foran must complete, sign, date and return the letter of transmittal that was mailed to each registered Foran shareholder prior to the Effective Time. The letter of transmittal is also available under Foran’s profile on SEDAR+ at www.sedarplus.ca.

For those shareholders of Foran whose Foran shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Foran shares and should follow the instructions of such intermediary or nominee.

Additional Information

Full details of the Arrangement are set out in the joint management information circular of Eldorado and Foran dated March 11, 2026 (the “Circular”) prepared in connection with the special meetings of Eldorado and Foran held separately on April 7, 2026 and filed on www.sedarplus.ca.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. Eldorado has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

About the McIlvenna Bay Project
The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and exploration activities of Foran, and hosts the McIlvenna Bay Deposit and Tesla Zone.

The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba, and is part of the world-class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran’s ground in eastern Saskatchewan, a distance of over 225 km.

Contacts:

Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
[email protected]

Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
[email protected]        

Cautionary Note about Forward-looking Statements and Information

Certain of the statements made and information provided in this news release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipates”, “believes”, “budget”, “continue”, “deliver”, “estimates”, “expects”, “forecasts”, “generate”, “guidance”, “intends”, “plans”, “projected” or “scheduled” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to: management’s views on the impact and strategic implications of the Transaction, delisting of the Foran shares from the TSX and OTCQX; Foran ceasing to be a reporting issuer under Canadian securities laws; Eldorado’s plans and expectations for its properties and operations, including with respect to the McIlvenna Bay Project; views on the life of assets; and generally our strategy, plans, and goals. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of Eldorado to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Forward-looking statements and forward-looking information are by their nature based on a number of assumptions that management considers reasonable. However, such assumptions involve both known and unknown risks, uncertainties, and other factors which, if proven to be inaccurate, may cause actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include, for Eldorado, assumptions concerning: timing, cost and results of our construction and development activities, improvements and exploration; the future price of gold, copper and other commodities; exchange rates; anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; mineral reserves and resources; our ability to effectively use invested capital and unlock potential expansion opportunities across the portfolio; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of productivity initiatives; the time and cost necessary for anticipated overhauls of equipment; expected by-product grades; the use, and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business; the sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that Eldorado operates in. In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other important factors that may cause actual results, activities, performance or achievements to be materially different from those described in the forward-looking statements or information. These risks, uncertainties and other factors include, among others: commodity price risk; development risks at Skouries, the McIlvenna Bay Project and other construction and development projects including the ability of key suppliers to meet key contractual commitments in terms of schedules, amount of product delivered, cost, or quality and our ability to construct key infrastructure within the required timelines, and unexpected inclement weather and climate events that may delay timelines; risks relating to our operations in foreign jurisdictions; risks related to production and processing; risks related to our improvement projects; our ability to secure supplies of power and water at a reasonable cost; prices of commodities and consumables; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables; inflation risk; community relations and social license; environmental matters; our ability to completely understand geotechnical structures, geotechnical and hydrogeological conditions or failures; regulatory requirements as they relate to mine plan approvals; waste disposal; mineral tenure; permits; non-governmental organizations; reputational issues; climate change; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; risks related to replacement of mineral reserves; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic, or similar public health threats; regulated substances; integration risks related to the Transaction; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings); total cash costs per ounce and AISC (particularly in relation to the market price of gold and Eldorado’s profitability); currency risk; interest rate risk; credit risk; tax matters; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); the global economic environment; labour (including in relation to availability of labour resources, including for construction, development and improvements activities, and their productivity employee/union relations, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); default on obligations; current and future operating restrictions; reclamation and long-term obligations; credit ratings; change in reporting standards; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks relating to environmental, sustainability, and governance practices and performance; corruption, bribery, and sanctions; employee misconduct; litigation and contracts; conflicts of interest; compliance with privacy legislation; dividends; tariffs and other trade barriers; and those risk factors discussed in Eldorado’s most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in Eldorado’s most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR which discussion provides a fuller understanding of the risks and uncertainties that affect Eldorado’s business and operations.

In respect of the McIIvenna Bay Project, risks, uncertainties and other factors include; McIlvenna Bay has no history of mineral production; uncertainties and risks relating to the McIlvenna Bay 2025 Technical Report; and the additional risks in relation to the McIIvenna Bay project identified in Foran’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Although Foran has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended.

The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, Eldorado does not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of Eldorado’s business contained in its respective reports filed with the securities regulatory authorities in Canada and the U.S., as applicable, and to the additional information contained in Foran’s filings with the securities regulatory authorities in Canada.