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Eloro Resources
(TSX:ELO)
Eloro Resources (ELO) vs. iShares MSCI Canada ETF (EWC)
Eloro Resources Business Overview & Revenue Model
Eloro Resources Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2020 | Mar 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -44.35K | -44.35K | -44.35K | -43.06K | -42.64K | 0.00 |
| EBITDA | -7.17M | -3.72M | -8.07M | -7.00M | -1.23M | -765.00K |
| Net Income | -7.22M | -3.77M | -7.99M | -7.11M | -1.30M | -765.00K |
Balance Sheet | ||||||
| Total Assets | 78.71M | 59.46M | 58.49M | 37.90M | 5.30M | 5.28M |
| Cash, Cash Equivalents and Short-Term Investments | 12.60M | 624.23K | 8.83M | 9.45M | 44.67K | 190.23K |
| Total Debt | 51.72K | 88.18K | 176.59K | 216.27K | 76.83K | 0.00 |
| Total Liabilities | 2.07M | 1.35M | 1.87M | 1.24M | 561.04K | 358.53K |
| Stockholders Equity | 76.64M | 58.11M | 56.62M | 36.66M | 4.74M | 4.92M |
Cash Flow | ||||||
| Free Cash Flow | -8.96M | -7.06M | -23.67M | -20.47M | -852.91K | -982.74K |
| Operating Cash Flow | -2.84M | -1.87M | -3.81M | -3.33M | -462.23K | -682.69K |
| Investing Cash Flow | -8.38M | -5.18M | -20.24M | -17.39M | -79.00K | -373.58K |
| Financing Cash Flow | 21.99M | 3.97M | 23.34M | 1.83M | 567.60K | 546.66K |
Eloro Resources Technical Analysis
Eloro Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$345.44M | -77.48 | -2.03% | ― | ― | -40.00% | |
52 Neutral | C$602.60M | -26.65 | -47.48% | ― | ― | 32.22% | |
52 Neutral | C$230.09M | -8.26 | -22.99% | ― | ― | 15.32% | |
44 Neutral | C$224.03M | -79.39 | -10.51% | ― | ― | 44.76% |
Eloro Resources Corporate Events
Eloro Resources has closed a bought deal private placement, raising gross proceeds of about C$17 million through the sale of 6,538,600 common shares at C$2.60 each, including full exercise of the over-allotment option. The financing was led by Red Cloud Securities and Cantor Fitzgerald Canada, with Haywood Securities in the underwriting syndicate, and remains subject to final TSX approval.
The company plans to use the funds to continue exploration and development at its flagship Iska Iska project in Bolivia and for general corporate purposes and working capital. Part of the financing was completed under the listed issuer financing exemption, making those shares immediately freely tradeable in Canada, while an insider’s participation triggered related-party rules but stayed below thresholds requiring a formal valuation or minority shareholder approval.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources has arranged a C$10.0 million bought deal private placement, selling 3,846,200 common shares at C$2.60 each through a syndicate of underwriters led by Red Cloud Securities and Cantor Fitzgerald Canada. The company has also granted an over-allotment option for up to an additional 769,300 shares, which could raise a further C$2.0 million if exercised.
Net proceeds will be directed primarily to continued exploration and development at the Iska Iska project in southern Bolivia, as well as for general corporate purposes and working capital. The financing, structured partly under Canada’s listed issuer financing exemption and various private placement exemptions in Canada and abroad, is expected to strengthen Eloro’s balance sheet and support its advancement of a key strategic asset, subject to regulatory and stock exchange approvals.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources has upsized its previously announced bought deal private placement from about C$10 million to approximately C$15 million after strong investor demand. Underwriters Red Cloud Securities and Cantor Fitzgerald Canada will now purchase 5,769,300 common shares at C$2.60 each, with an over-allotment option that could add up to roughly C$2 million more.
The company plans to use the net proceeds to continue exploration and development at its Iska Iska project in southern Bolivia and for general corporate purposes and working capital. The financing, structured under Canadian prospectus exemptions and available to investors in multiple jurisdictions, is expected to strengthen Eloro’s balance sheet and support ongoing work on its key Bolivian asset, subject to regulatory and stock exchange approvals.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources has arranged a C$10 million bought-deal private placement, with underwriters Red Cloud Securities and Cantor Fitzgerald Canada agreeing to purchase 3,846,200 common shares at C$2.60 each. An over-allotment option could add up to C$2 million more, bringing total potential gross proceeds to about C$12 million.
The financing, conducted partly under Canada’s listed issuer financing exemption, will fund continued exploration and development at the Iska Iska project and support general corporate and working capital needs. Shares sold under the exemption will be freely tradeable in Canada, and the offering, which also targets select investors in the U.S. and other jurisdictions via private placements, is expected to close on March 6, 2026, subject to regulatory and stock exchange approvals.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources has contracted Major Drilling Group International Inc. to carry out an initial 40,000-metre drill program at its Iska Iska silver-tin polymetallic project in Bolivia. The program will use two drill rigs initially, with a third to follow, allowing for tighter infill drilling in the Santa Barbara corridor, testing of five additional mineralized zones and evaluation of other prospective targets within the Iska Iska caldera.
Management says the expanded drilling will enhance the project’s resource footprint to support economic studies, strengthening the development case for Iska Iska. The company also highlights renewed optimism for mining investment in Bolivia following recent elections and policy shifts, positioning Iska Iska as a key early beneficiary as Major Drilling resumes operations in the country.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources announced that long-time exploration leader Dr. William Pearson will retire as Executive Vice President, Exploration on March 31, 2026, after a career spanning more than 50 years, and will transition to the role of Senior Technical Advisor. His responsibilities will be assumed by Dr. Osvaldo Arce, currently Executive Vice President, Latin America, ensuring continuity in oversight of the flagship Iska Iska project in Bolivia.
The company credited Dr. Pearson with co-discovering and driving the growth of the Iska Iska Ag-Sn-polymetallic project and highlighted his track record of exploration success at several firms later acquired by larger miners, underscoring his influence on Eloro’s strategic direction. By retaining him as a senior advisor and elevating Dr. Arce, who has worked closely with Pearson for over a decade, Eloro aims to maintain technical leadership and stability as it advances its major South American assets.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources has been accepted as a member of the U.S. Defense Industrial Base Consortium, a U.S. Department of Defense–supported body that fosters collaboration among industry, academia and government to strengthen secure supply chains for critical and strategic materials. As the first exploration and development member in Bolivia within the consortium, recognized for the strategic and critical metals potential of its Iska Iska silver-tin polymetallic system, Eloro gains enhanced visibility as a prospective supplier to defense-related supply chains, underscoring the growing importance of mineral security and potentially bolstering its strategic positioning with government and industry stakeholders.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources has completed all option payments to Empresa Minera Villegas to secure a 99% joint venture interest, full economic participation and operational control over the Iska Iska silver-tin polymetallic project in Bolivia, including a final US$1.15 million payment and the placement of US$1.8 million in trust pending transfer of additional mining rights. By formalizing an addendum to its joint venture agreement that leaves Minera Villegas with a 1% interest while ensuring Eloro’s operational control and regulatory compliance under Bolivian mining law, the company has simplified ownership, reduced economic uncertainty and strengthened its strategic position to advance development at Iska Iska, a key asset in its growth pipeline.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.
Eloro Resources has mutually agreed with Minera Villegas to defer by one month, to February 6, 2026, the final payment needed for Eloro to acquire a 100% interest in the Iska Iska silver-tin polymetallic project in Bolivia, in order to complete closing documentation. Following a $14 million financing completed in September and recent warrant exercises, the company reports it is well funded to make the final option payment and move Iska Iska into its next phase of exploration and development, a step that could further solidify Eloro’s position in the regional polymetallic mining sector.
The most recent analyst rating on (TSE:ELO) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Eloro Resources stock, see the TSE:ELO Stock Forecast page.