Eloro Resources Ltd (TSE:ELO)
TSX:ELO
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Eloro Resources
(TSX:ELO)
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Rating:43Neutral
Price Target:
C$2.00
▼(-25.09% Downside)
Action:ReiteratedDate:03/21/26
The score is primarily weighed down by weak financial performance (pre-revenue, ongoing losses and cash burn) and bearish technicals (below major moving averages with negative MACD). A low-debt balance sheet provides some stability, but valuation signals are limited due to negative earnings and no dividend.
Positive Factors
Low leverage
Extremely low leverage materially reduces financial distress risk and preserves optionality for multi-stage exploration. A minimal debt burden lengthens runway from existing equity, enables conservative project financing choices and lowers fixed obligations that could otherwise constrain long-term development.
Negative Factors
Pre-revenue operations
Operating without revenue means the company cannot self-fund exploration from operations, making long-term value creation contingent on discovery or successful project monetization. Persisting net losses erode book value and heighten dependency on external capital events to sustain activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Extremely low leverage materially reduces financial distress risk and preserves optionality for multi-stage exploration. A minimal debt burden lengthens runway from existing equity, enables conservative project financing choices and lowers fixed obligations that could otherwise constrain long-term development.
Read all positive factors
Eloro Resources (ELO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$192.66M
Dividend YieldN/A
Average Volume (3M)397.55K
Price to Earnings (P/E)―
Beta (1Y)2.83
Revenue GrowthN/A
EPS Growth41.85%
CountryCA
Employees35
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding112,014,010
10 Day Avg. Volume273,850
30 Day Avg. Volume397,547
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)2.09
Price to Sales (P/S)0.00
P/FCF Ratio-8.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.34
Revenue Forecast (FY)N/A
Eloro Resources Business Overview & Revenue Model
Company Description
Eloro Resources Ltd. engages in the exploration and development of mineral properties. It explores for gold, silver, iron ore, zinc, tin, lead, and lithium deposits. The company primarily holds interest in the Iska Iska project, a polymetallic pro...
How the Company Makes Money
Eloro Resources does not appear to generate recurring revenue from mining production because it is primarily an exploration-stage company. Instead, it typically funds its activities by raising capital in the financial markets (e.g., issuing equity...
Eloro Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| 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 | -4.58M | -765.00K |
| Net Income | -7.22M | -3.77M | -7.99M | -7.11M | -4.67M | -765.00K |
Balance Sheet | ||||||
| Total Assets | 78.71M | 59.46M | 58.49M | 37.90M | 37.81M | 5.28M |
| Cash, Cash Equivalents and Short-Term Investments | 12.60M | 624.23K | 8.83M | 9.45M | 28.31M | 190.23K |
| Total Debt | 51.72K | 88.18K | 176.59K | 216.27K | 33.97K | 0.00 |
| Total Liabilities | 2.07M | 1.35M | 1.87M | 1.24M | 1.61M | 358.53K |
| Stockholders Equity | 76.64M | 58.11M | 56.62M | 36.66M | 36.20M | 4.92M |
Cash Flow | ||||||
| Free Cash Flow | -8.96M | -7.06M | -23.67M | -20.47M | -4.39M | -982.74K |
| Operating Cash Flow | -2.84M | -1.87M | -3.81M | -3.33M | -371.04K | -682.69K |
| Investing Cash Flow | -8.38M | -5.18M | -20.24M | -17.39M | -4.01M | -373.58K |
| Financing Cash Flow | 21.99M | 3.97M | 23.34M | 1.83M | 32.62M | 546.66K |
Eloro Resources Technical Analysis
Positive
2.67
Price Trends
2.36
Negative
2.46
Negative
1.90
Positive
Market Momentum
-0.06
Negative
52.57
Neutral
76.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ELO, the sentiment is Positive. The current price of 2.67 is above the 20-day moving average (MA) of 1.96, above the 50-day MA of 2.36, and above the 200-day MA of 1.90, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 52.57 is Neutral, neither overbought nor oversold. The STOCH value of 76.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ELO.
Eloro Resources Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
51 Neutral | C$574.36M | -25.85 | -59.40% | ― | ― | -31.45% | |
50 Neutral | C$378.66M | -77.48 | -2.03% | ― | ― | -34.97% | |
43 Neutral | C$192.66M | -79.39 | -10.51% | ― | ― | 41.85% | |
43 Neutral | C$221.01M | -8.26 | -22.99% | ― | ― | 1.30% |
* Basic Materials Sector Average
TSE:ELO
Eloro Resources
1.83
0.90
96.77%
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Eloro Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Eloro Resources Raises C$17 Million in Bought Deal to Advance Bolivian Project
Positive
Mar 6, 2026
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...
Business Operations and StrategyPrivate Placements and Financing
Eloro Resources Secures C$10 Million Bought Deal to Advance Iska Iska Project
Positive
Feb 26, 2026
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 ...
Business Operations and StrategyPrivate Placements and Financing
Eloro Resources Upsizes Bought Deal Financing to C$15 Million for Iska Iska Project
Positive
Feb 25, 2026
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...
Private Placements and Financing
Eloro Resources Secures C$10 Million Bought-Deal Financing for Iska Iska Project
Positive
Feb 24, 2026
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$2.60 each. An over-allotment option could add up to C$...
Business Operations and Strategy
Eloro Resources Launches 40,000m Drill Program at Iska Iska in Bolivia
Positive
Feb 20, 2026
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 f...
Business Operations and StrategyExecutive/Board Changes
Eloro Resources Reshapes Exploration Leadership as Veteran Executive Retires
Positive
Feb 11, 2026
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...
Business Operations and Strategy
Eloro Resources Joins U.S. Defense Industrial Base Consortium, Highlighting Strategic Metals Role
Positive
Feb 5, 2026
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 f...
Business Operations and Strategy
Eloro Resources Secures 99% Joint Venture Control of Bolivia’s Iska Iska Project
Positive
Jan 29, 2026
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 fin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.