Eldorado Gold (ELD) AI Stock Analysis

• Market Cap: $5.42B
• Dividend Yield: N/A
• Average Volume (3M): 413.84K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 1.23
• Revenue Growth: 33.06%
• EPS Growth: 177.69%
• Country: CA
• Employees: 4,800
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Gold
• EPS (TTM): 1.95
• Shares Outstanding: 205,469,880
• 10 Day Avg. Volume: 361,737
• 30 Day Avg. Volume: 413,838
• PEG Ratio: 0.08
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.95
• Price to Cash Flow (P/CF): 2.20
• P/FCF Ratio: 251.39
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 8.72
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $28.81
• Price Target Upside: 9.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

Eldorado Gold's strong financial performance, characterized by impressive revenue and profit growth, robust balance sheet, and efficient operations, is a key factor in its high score. Technical analysis indicates some positive momentum, despite limited indicator data. The company is fairly valued with potential for growth, as emphasized in the earnings call and recent corporate events, despite challenges with increased costs and injury rates.

Positive Factors

Exploration Potential

There is significant exploration potential since both deposits remain open at depth, while Ormaque remains open laterally.

Production Performance

ELD reported Q4/24 production of 155.7koz, beating analyst estimates and consensus.

Valuation

ELD represents a compelling opportunity on valuation relative to peers.

Negative Factors

Development Delays

Progress on the Skouries development was slower than planned, with construction and capital spend delays.

Mine Life and Costs

The technical report saw the Lamaque complex having a shorter mine life, lower production, and increased costs compared with prior estimates.

Resource Depletion

The Measured and Indicated Gold Resource dropped by 3% and the Inferred Resource dropped by approximately 10%.

Eldorado Gold Business Overview & Revenue Model

Company Description

Eldorado Gold Corporation is a Canadian mid-tier gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece, and Romania. The company is committed to responsible mining and sustainable development, focusing on delivering value for its stakeholders through safe and environmentally sound operations. Eldorado Gold is primarily involved in the extraction, processing, and sale of gold, with additional interests in silver, lead, and zinc production.

How the Company Makes Money

Eldorado Gold makes money primarily through the extraction and sale of gold, which is its main product. The company operates several mines where it extracts gold ore, which is then processed and refined into pure gold for sale to various buyers, including refineries and financial institutions. In addition to gold, Eldorado generates revenue from the production and sale of by-products such as silver, lead, and zinc, which are also extracted during the gold mining process. The company's revenues are influenced by gold prices, production levels, and operational efficiency. Eldorado Gold also engages in exploration activities to discover new reserves and extend the life of existing mines, which contributes to its long-term revenue potential. Strategic partnerships and joint ventures can also play a role in expanding its operational capabilities and market reach.

Eldorado Gold Financial Statement Overview

Summary

Eldorado Gold showcases strong financial performance with robust revenue growth and profitability, reflecting efficient cost management. The balance sheet is stable with low leverage, but significant capital expenditures have led to negative free cash flow, indicating potential short-term liquidity challenges.

Income Statement

Eldorado Gold demonstrates strong financial performance in the TTM with significant improvements across key metrics. The gross profit margin stands at 39.37%, and the net profit margin is 23.32%, indicating efficient cost management and profitability. The company has seen a robust revenue growth rate of 17.57% from the previous year, and the EBIT margin at 26.84% and EBITDA margin at 51.82% highlight operational efficiency. However, a slight decrease in gross profit margin compared to the previous year suggests potential cost pressures.

Balance Sheet

The balance sheet of Eldorado Gold reflects a stable financial position with a debt-to-equity ratio of 0.23, indicating low leverage and financial flexibility. The return on equity is impressive at 7.33%, showcasing effective utilization of equity to generate profits. The equity ratio is 67.77%, reflecting strong equity financing and asset stability. However, the overall debt level has increased, which could imply future interest obligations.

Cash Flow

Eldorado Gold's cash flow statements present mixed results. The operating cash flow to net income ratio is 1.98, indicating strong cash generation relative to net income. However, the free cash flow remains negative, reflecting significant capital expenditures potentially aimed at growth. The free cash flow to net income ratio is -0.05, which may raise concerns about short-term liquidity management.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
1.01B	871.46M	943.47M	1.03B	615.92M
	Gross Profit
513.45M	171.69M	292.77M	334.85M	127.96M
	EBIT
182.01M	70.81M	212.93M	228.72M	58.83M
	EBITDA
458.20M	289.46M	427.12M	477.29M	214.16M
	Net Income Common Stockholders
104.63M	-49.37M	11.10M	124.80M	80.59M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
544.44M	314.87M	481.49M	511.19M	184.84M
	Total Assets
4.99B	4.46B	4.93B	4.90B	4.65B
	Total Debt
658.81M	511.36M	511.89M	527.09M	504.79M
	Net Debt
118.33M	231.62M	30.56M	75.13M	327.05M
	Total Liabilities
1.48B	1.26B	1.29B	1.24B	1.18B
	Stockholders Equity
3.52B	3.20B	3.57B	3.62B	3.41B
Cash Flow		Free Cash Flow
-29.34M	-108.99M	55.83M	219.23M	-54.12M
	Operating Cash Flow
383.31M	211.00M	362.37M	425.61M	165.83M
	Investing Cash Flow
-395.68M	-370.89M	-265.88M	-244.23M	-188.87M
	Financing Cash Flow
273.88M	-41.34M	-67.13M	92.84M	-85.45M

Eldorado Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.39
• 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 26.39 is above the 20-day moving average (MA) of 25.42, above the 50-day MA of 22.83, and above the 200-day MA of 22.85, indicating a bullish trend. The MACD of 1.25 indicates Negative momentum. The RSI at 62.96 is Neutral, neither overbought nor oversold. The STOCH value of 57.30 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
K	80 Outperform	$24.71B	18.98	14.66%	0.84%	23.38%	131.87%
ELD	79 Outperform	$5.42B	13.56	8.12%	―	33.06%	177.69%
AEM	77 Outperform	$83.15B	24.98	11.45%	1.35%	32.68%	419.46%
NGD	73 Outperform	$3.72B	26.72	11.14%	―	18.32%	―
ABX	68 Neutral	$45.42B	15.74	9.00%	2.13%	15.40%	72.49%
BTO	66 Neutral	$5.90B	―	-18.54%	4.56%	-0.18%	-2195.85%
Sector *	49 Neutral	$1.95B	-1.61	-21.88%	3.78%	0.55%	-26.94%

Eldorado Gold Corporate Events

Eldorado Gold to Release Q1 2025 Financial Results

Eldorado Gold has announced that it will release its financial and operational results for the first quarter of 2025 after market close on May 1, 2025. A conference call to discuss these results will be held on May 2, 2025. This announcement is significant for stakeholders as it provides insights into the company’s performance and future outlook, potentially impacting its market positioning and investor relations.

Spark’s Take on TSE:ELD Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELD is a Outperform.

Eldorado Gold’s strong financial performance, characterized by impressive revenue and profit growth, robust balance sheet, and efficient operations, is a key factor in its high score. Technical analysis indicates some positive momentum, despite limited indicator data. The company is fairly valued with potential for growth, as emphasized in the earnings call and recent corporate events, despite challenges with increased costs and injury rates.

To see Spark’s full report on TSE:ELD stock, click here.

Eldorado Gold Revises Lamaque Complex Technical Report

Eldorado Gold has filed an amended technical report for its Lamaque Complex following a review by the British Columbia Securities Commission. The updated report reflects the removal of a preliminary economic assessment while retaining the reserve case and mineral estimates, ensuring compliance with NI 43-101F1 requirements. The changes include updated qualified persons’ details and alignment of dates and professional designations.

Eldorado Gold Achieves Strong 2024 Financial and Operational Performance

Eldorado Gold reported robust financial and operational results for the fourth quarter and full year of 2024, achieving positive free cash flow. The company produced 520,293 ounces of gold in 2024, a 7% increase over the prior year, driven by improvements at Kisladag and Lamaque. Despite rising production and sales costs, Eldorado maintained its total cash costs and all-in sustaining costs within guidance ranges, highlighting operational efficiency amidst higher royalties and labor costs. Capital expenditures were significant, with notable investments in the Skouries Project and other operational enhancements, underscoring Eldorado’s commitment to long-term growth and operational sustainability.

Eldorado Gold Adjusts Skouries Project Timeline and Budget Amid Labor Constraints

Eldorado Gold Corporation has provided an update on its Skouries Project, revealing a delay in the project’s timeline due to labor market challenges in Greece. As a result, the first production is now anticipated in early 2026, with commercial production expected mid-year. The project cost has increased by $143 million, reaching a total of $1.06 billion. Despite these hurdles, Eldorado remains financially robust, with substantial liquidity and a fully funded project through its balance sheet and finance facility. The company has also accelerated capital expenditure to enhance early mining capabilities, reflecting its commitment to mitigating schedule impacts and ensuring project completion.