Eldorado Gold (ELD) AI Stock Analysis

• Market Cap: $8.16B
• Dividend Yield: N/A
• Average Volume (3M): 534.82K
• Price to Earnings (P/E): 16.0
• Beta (1Y): 1.17
• 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: 382,407
• 30 Day Avg. Volume: 534,816
• 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: 1.05
• Enterprise Value/Revenue: 5.42
• Enterprise Value/Gross Profit: 12.38
• Enterprise Value/Ebitda: 10.51
• 1Y Price Target: $51.28
• Price Target Upside: 26.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 2.23
• Revenue Forecast (FY): $2.42B

• Rating: 75 Outperform
• Price Target: C$45.00 ▲(10.97% Upside)

Eldorado Gold's strong financial performance and positive technical indicators are the primary drivers of its score. However, challenges with free cash flow and increased operational costs present risks. The stock is reasonably valued, but the absence of a dividend yield and operational challenges at Olympias are notable concerns.

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 in free cash flow generation present a risk that needs addressing.

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	1.58B	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: 40.55
• 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 40.55 is above the 20-day moving average (MA) of 37.85, above the 50-day MA of 38.63, and above the 200-day MA of 29.89, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 58.60 is Neutral, neither overbought nor oversold. The STOCH value of 42.11 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	75 Outperform	$8.16B	15.98	9.54%	―	44.88%	38.67%
IMG	72 Outperform	$11.33B	23.12	10.09%	―	56.17%	-51.73%
OR	66 Neutral	$8.94B	43.39	11.26%	0.62%	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	60 Neutral	C$4.38B	138.06	9.79%	―	151.45%	1224.07%
BTO	51 Neutral	$7.84B	25.32	6.90%	2.51%	34.31%	―

Eldorado Gold Corporate Events

Eldorado Gold’s Earnings Call: Mixed Sentiments and Strategic Progress

Eldorado Gold’s recent earnings call painted a picture of mixed sentiments, showcasing both robust operational achievements and strategic progress, while also highlighting significant challenges. The company celebrated a successful share repurchase program and advancements in the Skouries project, yet faced concerns over increased cost guidance and operational hurdles at Olympias.

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.