5.67%
-9.56%
-8.20%
-15.98%
38.71%
41.53%
38.80%
25.00000025.00000024.00000024.00000023.00000023.00000022.00000022.00000021.00000021.00000020.00000020.00000019.00000019.00000018.00000018.00000011/26/202411/26/202412/7/202412/7/202412/18/202412/18/202412/29/202412/29/20241/10/20251/10/20251/21/20251/21/20252/1/20252/1/20252/12/20252/12/2025
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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.

Market Data

Last Price 20.14
Change Percentage 5.67%
Open 19.41
Previous Close 19.06
Market Cap ( Millions) 4127
Volume 468632
Year High 26.32
Year Low 13.63
M A 50 21.75
M A 200 22.37

Financial Ratios

FCF Yield -0.79%
Dividend Yield 0.00%
ROE 7.62%
Debt / Equity 23.32%
Net Debt / EBIDTA 33.98%
Price To Book 0.77
Price Earnings Ratio 10.44
Price To FCF -126.45
Price To sales 2.41
EV / EBITDA 5.21

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Gold - Dore

Expected Growth : 13 %

What the company do ?

Gold-Dore from Eldorado Gold Corporation refers to a semi-pure gold alloy, typically 80-90% gold, produced at the mine site, awaiting further refining.

Why we expect these perspectives ?

Eldorado Gold Corporation's 13% growth in Gold - Dore is driven by increased production at its Kisladag mine in Turkey, improved gold prices, and successful exploration efforts at its Lamaque mine in Canada, leading to higher ore grades and recoveries.

Segment nΒ°2 -> Gold - Concentrate

Expected Growth : 12 %

What the company do ?

Eldorado Gold Corporation's Gold-Concentrate is a refined product containing 50-90% gold, produced through flotation and gravity separation of ore from their mines.

Why we expect these perspectives ?

Eldorado Gold Corporation's 12% growth in gold concentrate is driven by increased production at its Kisladag mine in Turkey, improved ore grades, and higher gold prices. Additionally, the company's cost-saving initiatives and efficient operations have contributed to the growth. Furthermore, the ongoing expansion projects at its Olympias and Skouries mines in Greece are expected to further boost production and revenue.

Segment nΒ°3 -> Silver - Concentrate

Expected Growth : 11 %

What the company do ?

Silver-Concentrate from Eldorado Gold Corporation is a refined product containing high silver content, used in jewelry, coins, and industrial applications.

Why we expect these perspectives ?

Eldorado Gold's 11% growth in silver concentrate is driven by increased ore production at its Kisladag mine in Turkey, coupled with higher silver grades and recoveries. Additionally, the company's cost-saving initiatives and favorable foreign exchange rates have contributed to the growth.

Segment nΒ°4 -> Lead Concentrate

Expected Growth : 10 %

What the company do ?

Eldorado Gold Corporation's Lead Concentrate is a refined product containing high-grade lead, often used in battery manufacturing, radiation shielding, and pigments.

Why we expect these perspectives ?

Eldorado Gold's Lead Concentrate segment growth is driven by increasing gold prices, rising production volumes from its flagship Kisladag mine, and improved operational efficiencies. Additionally, the company's focus on cost reduction and exploration activities in Turkey and Greece are expected to contribute to the segment's growth.

Segment nΒ°5 -> Zinc Concentrate

Expected Growth : 9 %

What the company do ?

Eldorado Gold Corporation's Zinc Concentrate is a refined zinc product with high zinc content, used in galvanizing, die-casting, and other industrial applications.

Why we expect these perspectives ?

Eldorado Gold's 9% growth in Zinc Concentrate is driven by increased ore production at its Kisladag mine, improved zinc grades, and higher milling rates. Additionally, the company's focus on operational efficiency, cost reduction initiatives, and favorable zinc prices contribute to this growth.

Segment nΒ°6 -> Silver - Dore

Expected Growth : 12 %

What the company do ?

Silver-Dore is a semi-pure alloy of gold and silver produced at Eldorado Gold Corporation's mines, containing 5-10% silver and 90-95% gold.

Why we expect these perspectives ?

Eldorado Gold Corporation's 12% growth in Silver - Dore is driven by increasing gold prices, improved ore grades, and enhanced operational efficiency at its mines, particularly in Turkey and Greece. Additionally, the company's focus on cost reduction and exploration activities has contributed to the growth.

Segment nΒ°7 -> Exceptional Items

Expected Growth : 8 %

What the company do ?

Exceptional items from Eldorado Gold Corporation refer to unusual or one-time transactions, such as asset impairments, restructuring costs, or gains/losses on asset sales, that are excluded from normal operating results to provide a clearer view of the company's financial performance.

Why we expect these perspectives ?

Eldorado Gold Corporation's exceptional items growth of 8% is driven by increased gold production at its Olympias and Skouries mines in Greece, coupled with higher realized gold prices. Additionally, the company's cost-saving initiatives and improved operational efficiencies have contributed to the growth.

Eldorado Gold Corporation Products

Product Range What is it ?
Gold Eldorado Gold Corporation is a leading gold producer with operations in Turkey, Greece, and Brazil. The company's gold production is a significant contributor to its revenue.
Silver As a by-product of gold mining, Eldorado Gold Corporation also produces silver, which is sold to various industries.
Copper The company's mining operations also produce copper, which is sold to manufacturers of electrical wiring, circuits, and other copper-based products.
Zinc Eldorado Gold Corporation's mining operations also produce zinc, which is sold to manufacturers of galvanized steel, batteries, and other zinc-based products.
Exploration Services The company offers exploration services to identify and develop new mineral deposits, providing expertise in geology, drilling, and sampling.
Mining Services Eldorado Gold Corporation provides mining services, including mine planning, construction, and operation, to help clients optimize their mining operations.

Eldorado Gold Corporation's Porter Forces

The threat of substitutes for Eldorado Gold Corporation is medium due to the availability of alternative metals and mining companies. While gold is a unique asset, investors can choose to invest in other precious metals or mining companies, posing a moderate threat to Eldorado's market share.

The bargaining power of customers for Eldorado Gold Corporation is low due to the company's diversified customer base and the lack of concentration in the gold mining industry. Customers have limited bargaining power, and Eldorado has a strong market position.

The bargaining power of suppliers for Eldorado Gold Corporation is medium due to the company's dependence on suppliers for equipment, materials, and services. While Eldorado has some bargaining power due to its size, suppliers can still exert some pressure on prices and delivery terms.

The threat of new entrants for Eldorado Gold Corporation is low due to the high barriers to entry in the gold mining industry. New entrants would need significant capital and expertise to establish a competitive operation, making it difficult for new companies to enter the market.

The intensity of rivalry for Eldorado Gold Corporation is high due to the competitive nature of the gold mining industry. Many established companies operate in the industry, and Eldorado faces intense competition for market share, resources, and talent.

Capital Structure

Value
Debt Weight 15.77%
Debt Cost 7.15%
Equity Weight 84.23%
Equity Cost 10.10%
WACC 9.63%
Leverage 18.73%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
HL Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, …
LUG.TO Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 …
RGLD Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that …
K.TO Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. …
BTO.TO B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
20.14$
Current Price
20.14$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

ValueQualityYieldMomentumVolatilityGrowth
Company A-Score: 6.20Peer Group Average: 5.50Leader: 8.00

Peers Group Analysis

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