Eldorado Gold (ELD) AI Stock Analysis

• Market Cap: C$9.60B
• Dividend Yield: N/A
• Average Volume (3M): 397.96K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 1.29
• Revenue Growth: 44.88%
• EPS Growth: 38.67%
• Country: CA
• Employees: 5,800
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.57
• Shares Outstanding: 201,274,690
• 10 Day Avg. Volume: 420,710
• 30 Day Avg. Volume: 397,962
• PEG Ratio: 0.06
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 2.22
• P/FCF Ratio: 189.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$52.83
• Price Target Upside: 11.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 2.2
• Revenue Forecast (FY): C$2.43B

• Rating: 79 Outperform
• Price Target: C$49.00 ▲(3.70% Upside)

Eldorado Gold's strong financial performance and technical indicators are the primary drivers of its high score. The company's strategic advancements and robust financial health support a positive outlook, despite challenges with increased costs and operational issues at Olympias. The valuation is fair, and the absence of a dividend yield reflects a growth-oriented strategy.

Positive Factors

Revenue Growth

Consistent revenue growth reflects the company's ability to expand its market presence and efficiently manage its mining operations, supporting long-term financial health.

Balance Sheet Stability

A stable balance sheet with low leverage enhances financial flexibility, enabling the company to invest in growth opportunities and weather economic fluctuations.

Operational Efficiency

High profitability margins indicate efficient operations and cost management, which can sustain long-term profitability and competitive advantage in the mining industry.

Negative Factors

Free Cash Flow Challenges

Declining free cash flow can limit the company's ability to fund new projects and return capital to shareholders, potentially impacting future growth and financial flexibility.

Increased Operational Costs

Rising operational costs can pressure margins and profitability, reducing the company's ability to invest in growth and maintain competitive pricing.

Operational Challenges at Olympias

Ongoing operational issues at Olympias could affect production efficiency and recovery rates, potentially impacting overall output and profitability.

Eldorado Gold Business Overview & Revenue Model

Company Description

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1992 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Eldorado Gold generates revenue primarily through the production and sale of gold. The company operates several mines, where it extracts gold ore and processes it to produce gold bars, which are then sold on the open market. Key revenue streams include the sales of gold bullion and, to a lesser extent, silver and other by-products from its mining operations. Eldorado also benefits from the global demand for gold, which tends to rise in times of economic uncertainty, thus impacting its sales prices positively. Additionally, the company may enter into strategic partnerships and joint ventures to enhance its operational capabilities and expand its market reach, which can contribute to its overall earnings. Factors such as gold prices, production costs, and operational efficiency play significant roles in determining the company's profitability.

Eldorado Gold Financial Statement Overview

Summary

Eldorado Gold demonstrates strong revenue growth and profitability with a stable balance sheet. However, challenges with free cash flow generation present a risk that could impact future investments and financial flexibility.

Income Statement

Eldorado Gold has demonstrated strong revenue growth with a 10.86% increase in TTM, alongside robust profitability metrics such as a gross profit margin of 47.09% and a net profit margin of 26.07%. The EBIT and EBITDA margins are also healthy at 33.67% and 50.55%, respectively, indicating efficient operations. The company has shown consistent revenue growth over the past years, reflecting a positive trajectory in its income statement.

Balance Sheet

The balance sheet of Eldorado Gold is stable with a manageable debt-to-equity ratio of 0.28, indicating a conservative leverage position. The return on equity is 10.42%, showing effective use of equity to generate profits. The equity ratio stands at 64.97%, suggesting a strong equity base relative to total assets. Overall, the balance sheet reflects financial stability with moderate leverage.

Cash Flow

While operating cash flow is strong with a coverage ratio of 1.15, the free cash flow has declined significantly, resulting in negative growth. The free cash flow to net income ratio is low at 6.24%, indicating challenges in converting income to free cash flow. Despite strong operating cash flows, the negative free cash flow growth presents a risk that needs to be addressed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.68B	1.32B	1.01B	871.46M	943.47M	1.03B
Gross Profit	750.75M	507.93M	513.45M	171.69M	292.77M	334.85M
EBITDA	792.17M	710.50M	458.20M	289.46M	427.12M	477.29M
Net Income	370.88M	289.12M	104.63M	-49.37M	11.10M	124.80M
Balance Sheet
Total Assets	6.48B	5.84B	4.99B	4.46B	4.93B	4.90B
Cash, Cash Equivalents and Short-Term Investments	1.04B	995.73M	544.44M	314.87M	481.49M	511.19M
Total Debt	1.27B	937.72M	658.81M	511.36M	511.89M	527.09M
Total Liabilities	2.39B	1.95B	1.48B	1.26B	1.29B	1.24B
Stockholders Equity	4.10B	3.90B	3.52B	3.20B	3.57B	3.62B
Cash Flow
Free Cash Flow	-123.47M	15.54M	-29.34M	-108.99M	55.83M	219.23M
Operating Cash Flow	684.23M	645.25M	383.31M	211.00M	362.37M	425.61M
Investing Cash Flow	-570.29M	-630.61M	-395.68M	-370.89M	-265.88M	-244.23M
Financing Cash Flow	237.62M	301.27M	273.88M	-41.34M	-67.13M	92.84M

Eldorado Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 47.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ELD, the sentiment is Positive. The current price of 47.25 is above the 20-day moving average (MA) of 43.02, above the 50-day MA of 40.13, and above the 200-day MA of 31.69, indicating a bullish trend. The MACD of 2.15 indicates Negative momentum. The RSI at 69.00 is Neutral, neither overbought nor oversold. The STOCH value of 76.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ELD.

Eldorado Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELD	79 Outperform	C$9.60B	18.62	9.54%	―	44.88%	38.67%
NGD	78 Outperform	C$9.13B	26.02	22.29%	―	48.70%	1718.41%
OGC	78 Outperform	$8.71B	15.73	21.15%	0.44%	51.00%	532.40%
DPM	75 Outperform	C$8.97B	16.61	16.54%	0.55%	37.75%	59.97%
BTO	67 Neutral	C$8.48B	27.39	6.90%	1.76%	34.31%	―
ARTG	62 Neutral	$8.60B	40.88	28.16%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Eldorado Gold Corporate Events

Eldorado Gold Increases Mineral Reserves, Strengthening Future Production

Eldorado Gold has released its updated Mineral Reserve and Resource estimates, reporting a 5% increase in Mineral Reserves as of September 30, 2025. This growth is attributed to successful exploration and resource conversion at key operations such as the Lamaque Complex, which saw a 25% increase in reserves. The update, based on a higher gold price assumption, strengthens Eldorado’s production outlook for the next decade and highlights its commitment to organic growth and exploration.

Eldorado Gold Reports Strong Q3 2025 Results and Updates Guidance

Eldorado Gold reported strong financial and operational results for the third quarter of 2025, with gold production reaching 115,190 ounces and revenue totaling $434.7 million. The company is on track with its Skouries Project, expected to commence in Q1 2026, and has adjusted its annual gold production guidance to 470,000-490,000 ounces due to record high gold prices and increased royalty rates in Turkiye. Despite challenges at the Olympias mine, Eldorado’s financial position remains robust with significant cash reserves, though free cash flow was negative due to substantial growth capital investments.

Eldorado Gold to Announce Q3 2025 Results

Eldorado Gold has announced the release of its Third Quarter 2025 Financial and Operational Results, scheduled for October 30, 2025, with a subsequent conference call on October 31, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor relations.

Eldorado Gold Recognized as Top Performer in 2025 TSX30 Ranking

Eldorado Gold has been recognized as a top performer in the 2025 TSX30 ranking by the Toronto Stock Exchange, highlighting its significant share price appreciation of 238% over three years. This achievement reflects the company’s strong operational performance, disciplined capital allocation, and focus on sustainable growth, positioning it favorably in the global market and underscoring its commitment to creating long-term value for stakeholders.