Eldorado Gold (ELD) AI Stock Analysis

• Market Cap: $7.14B
• Dividend Yield: N/A
• Average Volume (3M): 601.27K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 1.13
• 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: 203,199,360
• 10 Day Avg. Volume: 487,653
• 30 Day Avg. Volume: 601,271
• 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: 1.20
• Enterprise Value/Revenue: 5.42
• Enterprise Value/Gross Profit: 12.38
• Enterprise Value/Ebitda: 10.51
• 1Y Price Target: $50.98
• Price Target Upside: 37.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 2.33
• Revenue Forecast (FY): $2.34B

• Rating: 68 Neutral
• Price Target: C$39.00 ▲(5.23% Upside)

Eldorado Gold's strong financial performance and strategic advancements are offset by challenges in free cash flow and increased operational costs. The technical indicators suggest bearish momentum, while the valuation is moderate. The earnings call provided mixed signals with both positive strategic moves and cost-related concerns.

Positive Factors

Revenue Growth

Eldorado Gold's revenue growth surpassing estimates indicates strong operational performance and effective market positioning, supporting long-term financial stability.

Strategic Advancements

Progress in the Skouries Project reflects Eldorado Gold's commitment to expanding production capacity, which is crucial for future revenue and market share growth.

Balance Sheet Health

A stable balance sheet with low leverage enhances financial flexibility, allowing Eldorado Gold to invest in growth opportunities and weather market fluctuations.

Negative Factors

Operational Challenges

Persistent operational issues at Olympias could hinder production efficiency and increase costs, impacting profitability and operational stability.

Increased Costs

Rising production costs can pressure margins and reduce profitability, challenging Eldorado Gold's ability to maintain competitive pricing and financial performance.

Free Cash Flow Challenges

Declining free cash flow limits Eldorado Gold's ability to fund new projects and return capital to shareholders, potentially affecting long-term growth prospects.

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 sale of gold and gold-related products. The company's revenue model is driven by its mining operations, which include the extraction of gold from its mines and the subsequent processing of ore into marketable gold products. Key revenue streams come from the direct sale of gold bullion, gold concentrates, and by-products like silver. Additionally, Eldorado may benefit from fluctuating gold prices in the global market, which can significantly affect its revenue. The company also engages in strategic partnerships and joint ventures to enhance its mining capabilities and access new resources, further contributing to its earnings. Factors such as operational efficiency, cost management, and regulatory compliance in the regions where it operates also play crucial roles in its overall financial performance.

Eldorado Gold Financial Statement Overview

Summary

Eldorado Gold shows robust financial performance with strong profitability metrics, including a high net profit margin of 23.0% and solid revenue growth. The balance sheet is stable with low leverage, although the free cash flow generation is a minor challenge.

Income Statement

Eldorado Gold demonstrates strong profitability with a gross profit margin of 44.6% and a net profit margin of 23.0% for TTM (Trailing-Twelve-Months). The revenue growth rate from 2024 to TTM is 7.6%, indicating positive growth trajectory. EBIT and EBITDA margins are robust at 33.3% and 51.1% respectively, reflecting efficient operations.

Balance Sheet

The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.24, indicating low leverage. The equity ratio stands at 67.1%, suggesting strong financial stability. Return on equity is 8.2%, showing a moderate level of profitability.

Cash Flow

Eldorado Gold's free cash flow growth rate is -4.9%, indicating a slight decline. However, the operating cash flow to net income ratio is impressive at 2.10, suggesting strong cash generation relative to earnings. The free cash flow to net income ratio of 0.05 indicates limited free cash generation after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.58B	1.32B	1.01B	871.46M	943.47M	1.03B
Gross Profit	690.66M	507.93M	513.45M	171.69M	292.77M	334.85M
EBITDA	813.34M	710.50M	458.20M	289.46M	427.12M	477.29M
Net Income	410.45M	289.12M	104.63M	-49.37M	11.10M	124.80M
Balance Sheet
Total Assets	6.30B	5.84B	4.99B	4.46B	4.93B	4.90B
Cash, Cash Equivalents and Short-Term Investments	1.08B	995.73M	544.44M	314.87M	481.49M	511.19M
Total Debt	1.17B	937.72M	658.81M	511.36M	511.89M	527.09M
Total Liabilities	2.22B	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	-599.00K	15.54M	-29.34M	-108.99M	55.83M	219.23M
Operating Cash Flow	734.28M	645.25M	383.31M	211.00M	362.37M	425.61M
Investing Cash Flow	-571.91M	-630.61M	-395.68M	-370.89M	-265.88M	-244.23M
Financing Cash Flow	307.56M	301.27M	273.88M	-41.34M	-67.13M	92.84M

Eldorado Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.06
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 37.06 is below the 20-day moving average (MA) of 37.65, below the 50-day MA of 37.75, and above the 200-day MA of 28.78, indicating a neutral trend. The MACD of -0.68 indicates Positive momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 57.65 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	68 Neutral	$7.14B	14.73	9.54%	―	44.88%	38.67%
IMG	66 Neutral	$8.89B	19.75	10.09%	―	56.17%	-51.73%
OR	66 Neutral	$8.19B	74.16	6.27%	0.64%	37.22%	―
ARTG	62 Neutral	$7.54B	87.32	28.16%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
OLA	56 Neutral	C$4.40B	137.14	4.89%	―	123.03%	―
BTO	51 Neutral	$7.42B	―	-12.34%	2.46%	34.31%	―

Eldorado Gold Corporate Events

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.

The most recent analyst rating on (TSE:ELD) stock is a Hold with a C$40.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.

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.

The most recent analyst rating on (TSE:ELD) stock is a Sell with a C$25.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.

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.

The most recent analyst rating on (TSE:ELD) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.

Eldorado Gold Appoints Christian Milau as President to Drive Next Growth Phase

Eldorado Gold has announced the appointment of Christian Milau as President, effective September 12, 2025. With extensive experience in finance, capital markets, and mining, Milau is expected to drive the company’s next phase of growth and strategy. His leadership is seen as crucial as Eldorado prepares to bring its new copper-gold mine, Skouries, into production. The appointment reflects Eldorado’s commitment to leadership and long-term value creation, positioning the company for future growth and strengthening its executive team.

The most recent analyst rating on (TSE:ELD) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.

Eldorado Gold Shines Despite Challenges in Q2 2025

Eldorado Gold’s recent earnings call painted a picture of robust operational and financial performance, with notable achievements in gold production and sustainability. However, the company also faces challenges such as increased costs, higher injury rates, negative free cash flow, and project delays.