Eldorado Gold (ELD) AI Stock Analysis

• Market Cap: $7.33B
• Dividend Yield: N/A
• Average Volume (3M): 596.08K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 1.00
• Revenue Growth: 46.99%
• EPS Growth: 144.05%
• Country: CA
• Employees: 5,800
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.61
• Shares Outstanding: 203,199,360
• 10 Day Avg. Volume: 809,235
• 30 Day Avg. Volume: 596,082
• 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: 0.80
• Enterprise Value/Revenue: 3.71
• Enterprise Value/Gross Profit: 8.47
• Enterprise Value/Ebitda: 7.20
• 1Y Price Target: $47.24
• Price Target Upside: 28.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 69 Neutral
• Price Target: C$40.00 ▲(8.93% Upside)

Eldorado Gold's strong financial performance, particularly in revenue growth and profitability, is a key strength. However, mixed technical indicators and challenges in free cash flow generation present risks. The valuation is reasonable, but the lack of a dividend yield may deter some investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust market demand and effective operational strategies, supporting long-term business expansion.

Strong Balance Sheet

A strong balance sheet with low leverage enhances financial stability and provides flexibility for future investments and growth opportunities.

Operational Efficiency

High operational efficiency, as reflected in strong margins, supports sustained profitability and competitive positioning in the industry.

Negative Factors

Free Cash Flow Challenges

Challenges in generating free cash flow can limit the company's ability to fund new projects or return capital to shareholders, impacting long-term growth.

Increased Costs

Rising operational costs can pressure profit margins and reduce competitiveness, necessitating effective cost management strategies to sustain profitability.

Project Delays

Delays in key projects can hinder production growth and revenue generation, affecting the company's ability to meet strategic objectives and investor expectations.

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: Neutral
• Last Price: 36.72
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 36.72 is below the 20-day moving average (MA) of 39.78, below the 50-day MA of 37.00, and above the 200-day MA of 28.16, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 43.66 is Neutral, neither overbought nor oversold. The STOCH value of 13.69 is Positive, 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	69 Neutral	$7.33B	13.14	10.82%	―	46.99%	144.05%
IMG	68 Neutral	$9.68B	8.69	26.28%	―	63.67%	466.20%
OR	66 Neutral	$9.12B	80.28	6.27%	0.60%	18.24%	―
ARTG	62 Neutral	$8.67B	100.45	12.71%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BTO	61 Neutral	$9.59B	―	-12.34%	1.92%	15.08%	-204.35%
OLA	60 Neutral	C$5.52B	172.96	4.89%	―	123.03%	―

Eldorado Gold Corporate Events

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.

Eldorado Gold Reports Strong Q2 2025 Results

Eldorado Gold Corporation is a gold and base metals producer with operations in Turkey, Canada, and Greece. The company is known for its skilled workforce and responsible operations, focusing on mining, development, and exploration. In the second quarter of 2025, Eldorado Gold reported strong financial and operational results, maintaining its annual production guidance and progressing with the Skouries project, which is on track for production in early 2026. Key highlights include a gold production of 133,769 ounces, revenue of $451.7 million, and net earnings of $139.0 million. The company also reported a significant increase in cash and cash equivalents, reaching $1,078.6 million by the end of June 2025. Eldorado Gold continues to focus on disciplined capital and cost management, with a strong performance in its operating portfolio. The company remains committed to achieving its full-year guidance and anticipates significant production growth in the coming years, supported by its robust balance sheet and ongoing progress at the Skouries project.

Eldorado Gold Reports Strong Q2 2025 Results and Progress at Skouries

Eldorado Gold Corporation reported strong financial and operational results for the second quarter of 2025, with gold production surpassing expectations at 133,769 ounces and revenue reaching $451.7 million. The company maintained its 2025 production guidance and highlighted progress at the Skouries Project, which is on track for first production in Q1 2026. Eldorado also repurchased and canceled shares worth approximately $44.6 million, reflecting its commitment to returning capital to shareholders. The company is well-positioned to achieve its full-year guidance and anticipates significant production growth and lower unit costs in the coming years.

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 Reports Strong Financial Growth in Mid-2025

Eldorado Gold Corporation released its unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2025. The financial statements reveal a significant increase in cash and cash equivalents from $856,797 to $1,078,572 compared to the previous year, indicating improved liquidity. Additionally, the company’s total assets grew from $5,835,593 to $6,303,828, reflecting a strengthened financial position. The report also highlights an increase in current liabilities and debt, which may impact future financial strategies.

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.