Eldorado Gold (ELD) AI Stock Analysis

• Market Cap: $6.32B
• Dividend Yield: N/A
• Average Volume (3M): 336.84K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.08
• 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: 365,793
• 30 Day Avg. Volume: 336,836
• 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: 0.93
• Enterprise Value/Revenue: 3.71
• Enterprise Value/Gross Profit: 8.47
• Enterprise Value/Ebitda: 7.20
• 1Y Price Target: $36.07
• Price Target Upside: 16.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 75 Outperform
• Price Target: C$35.00 ▲(13.49% Upside)

Eldorado Gold's overall score reflects strong financial performance and positive technical indicators, tempered by challenges in cash flow and increased operational costs. Corporate events and strategic initiatives provide additional support, but the lack of a dividend yield and project delays are notable risks.

Positive Factors

Production Estimates

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

Production Performance

Lamaque and Kisladag operations outperformed expectations with significant quarter-over-quarter production increases.

Valuation

ELD represents a compelling opportunity on valuation relative to peers, setting the company up well for significant organic growth opportunities.

Negative Factors

Costs and Expenditures

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.

Production Challenges

Q4/24 production at Efemcukuru and Olympias missed expectations, with lower-than-expected production due to lower throughput.

Project Delays

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

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: 30.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 30.84 is above the 20-day moving average (MA) of 28.85, above the 50-day MA of 28.55, and above the 200-day MA of 24.50, indicating a bullish trend. The MACD of 0.84 indicates Negative momentum. The RSI at 64.55 is Neutral, neither overbought nor oversold. The STOCH value of 85.11 is Negative, 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	$6.32B	11.14	10.82%	―	46.99%	144.05%
Sector *	61 Neutral	$9.92B	5.61	1.58%	3.19%	3.03%	-41.96%
IAG	―	$4.32B	5.31	26.28%	―	―	―
BTG	―	$4.74B	―	-12.34%	3.33%	―	―
OLA	71 Outperform	C$4.52B	40.45	-0.28%	―	72.95%	97.10%
OR	―	$5.71B	72.49	6.27%	0.63%	―	―
ARGTF	―	$4.52B	―	-3.49%	―	―	―

Eldorado Gold Corporate Events

Eldorado Gold to Release Q2 2025 Results and Host Conference Call

Eldorado Gold Corporation has announced that it will release its financial and operational results for the second quarter of 2025 after market close on July 31, 2025. The company will host a conference call on August 1, 2025, to discuss these results, providing stakeholders with insights into its performance and future prospects. This announcement is part of Eldorado’s ongoing efforts to maintain transparency and engage with investors and analysts.

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 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.