Eldorado Gold (ELD) AI Stock Analysis

• Market Cap: C$5.60B
• Dividend Yield: N/A
• Average Volume (3M): 400.83K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 1.12
• Revenue Growth: 41.46%
• EPS Growth: 187.54%
• Country: CA
• Employees: 5,800
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): 0.39
• Shares Outstanding: 205,469,880
• 10 Day Avg. Volume: 373,577
• 30 Day Avg. Volume: 400,830
• PEG Ratio: 1.02
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 288.90
• Enterprise Value/Market Cap: 0.76
• Enterprise Value/Revenue: 0.84
• Enterprise Value/Gross Profit: 6.70
• Enterprise Value/Ebitda: 1.64
• 1Y Price Target: C$30.88
• Price Target Upside: 13.32% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 78 Outperform
• Price Target: C$33.00 ▲(21.10%Upside)

Eldorado Gold's overall stock score of 78 reflects its strong financial performance and positive technical trend. The company's robust production and shareholder-friendly initiatives like the expanded share buyback program are significant strengths. Challenges include higher production costs and operational issues at Olympias, impacting the overall attractiveness.

Positive Factors

Mine Life Extension

The company noted incremental production potential of 1.5Moz which could extend mine life to 17 years.

Production Performance

ELD reported Q4/24 production of 155.7koz, beating our estimate (146.5koz) and consensus (148koz).

Valuation Opportunity

ELD represents a compelling opportunity on valuation relative to peers.

Negative Factors

Higher Costs Impact

The Lamaque Complex is anticipated to have higher cash costs, AISC, and non-sustaining capital expenditures compared with prior estimates, resulting in an overall negative impact to NPV.

Mine Life and Cost Concerns

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

Project Delays

Construction progress at Skouries was slower than planned, with the company evaluating the impact on CapEx and the project schedule.

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 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	1.42B	1.32B	1.01B	871.46M	943.47M	1.03B
Gross Profit	634.45M	507.93M	513.45M	171.69M	292.77M	334.85M
EBITDA	728.29M	710.50M	458.20M	289.46M	427.12M	477.29M
Net Income	327.92M	289.12M	104.63M	-49.37M	11.10M	124.80M
Balance Sheet
Total Assets	5.95B	5.84B	4.99B	4.46B	4.93B	4.90B
Cash, Cash Equivalents and Short-Term Investments	978.14M	995.73M	544.44M	314.87M	481.49M	511.19M
Total Debt	956.14M	937.72M	658.81M	511.36M	511.89M	527.09M
Total Liabilities	1.97B	1.95B	1.48B	1.26B	1.29B	1.24B
Stockholders Equity	3.99B	3.90B	3.52B	3.20B	3.57B	3.62B
Cash Flow
Free Cash Flow	14.79M	15.54M	-29.34M	-108.99M	55.83M	219.23M
Operating Cash Flow	687.91M	645.25M	383.31M	211.00M	362.37M	425.61M
Investing Cash Flow	-498.98M	-630.61M	-395.68M	-370.89M	-265.88M	-244.23M
Financing Cash Flow	274.13M	301.27M	273.88M	-41.34M	-67.13M	92.84M

Eldorado Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 27.25
• 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 Neutral. The current price of 27.25 is below the 20-day moving average (MA) of 28.64, below the 50-day MA of 27.42, and above the 200-day MA of 23.87, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 41.89 is Neutral, neither overbought nor oversold. The STOCH value of 33.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ELD.

Eldorado Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELD	78 Outperform	C$5.60B	12.22	8.91%	―	41.46%	187.54%
BTO	76 Outperform	$6.38B	―	-17.61%	3.06%	5.97%	-1677.31%
IMG	74 Outperform	C$5.58B	4.93	28.42%	―	69.19%	417.02%
OR	69 Neutral	$6.43B	146.14	2.50%	0.76%	12.78%	―
OLA	69 Neutral	C$4.27B	40.45	-0.28%	―	72.95%	97.10%
ARTG	62 Neutral	$5.53B	―	-3.49%	―	―	-154.04%
Sector *	44 Neutral	C$953.01M	-6.70	-13.31%	2.79%	17.55%	-32.28%

Eldorado Gold Corporate Events

Eldorado Gold Elects Directors and Advances Key Projects

Eldorado Gold Corporation announced the successful election of all director nominees at its 2025 Annual and Special Meeting of Shareholders. The company is optimistic about its future, with the Skouries copper-gold project nearing production and ongoing optimization efforts expected to enhance value. The board welcomed Hussein Barma, bringing extensive mining sector experience, while expressing gratitude to departing member Catharine Farrow. Shareholders also approved several resolutions, including the appointment of auditors and amendments to the company’s share unit and stock option plans.

The most recent analyst rating on (TSE:ELD) stock is a Hold 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 Releases 2024 Sustainability Report Highlighting ESG Achievements

Eldorado Gold has published its 2024 Sustainability Report, highlighting its achievements in environmental, social, and governance performance. The report details significant improvements in safety metrics, such as a 30% reduction in injury frequency and maintaining zero fatalities for the seventh consecutive year. Eldorado also emphasizes its commitment to local employment and procurement, with 98% of its workforce sourced from the countries of operation and substantial investments in community development. The company continues to enhance its environmental practices, achieving zero major incidents and advancing its Climate Change Strategy.

The most recent analyst rating on (TSE:ELD) stock is a Hold 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 Expands Share Repurchase Program to Boost Shareholder Value

Eldorado Gold has announced an amendment to its normal course issuer bid, increasing the maximum number of shares it may repurchase from 350,000 to 10,245,474, representing about 5% of its total shares. This move reflects the company’s belief that its shares are undervalued and aims to enhance shareholder returns by utilizing available funds effectively, supported by a strong balance sheet and ongoing cash generation in a favorable gold price environment.

Eldorado Gold Achieves Strong Q1 2025 Results Amid Strategic Developments

Eldorado Gold reported solid financial and operational results for the first quarter of 2025, with a total gold production of 115,893 ounces and gold sales of 116,263 ounces at an average price of $2,933 per ounce. Despite challenges at the Olympias site, the company maintained its annual production guidance and reported a revenue of $355.2 million. The Skouries project in Greece showed significant progress, with construction activities advancing as planned. Eldorado’s operations generated strong cash flow, bolstered by high gold prices, although free cash flow was negative due to continued investment in growth capital. The company’s strategic focus on operational efficiency and workforce management at Skouries underscores its commitment to meeting production targets and maintaining financial stability.

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.