Last Updated: 19 Sep 2024
Executive Summary
Eldorado Gold Corp. (EGO) is a gold and silver mining company with operations in Turkey, Canada, Greece, Brazil, and Romania. The company's latest stock price is $17.06, and it has a market capitalization of $3.49 billion. Eldorado Gold has a trailing price-to-earnings ratio of 19.39 and a forward price-to-earnings ratio of 10.75. The company's financial performance has been strong in recent quarters, with revenue and earnings growth. Analysts are generally positive on Eldorado Gold, with six analysts rating the stock as a buy and four analysts rating it as a hold.
Company Overview
Eldorado Gold Corp. is a gold and silver mining company with operations in Turkey, Canada, Greece, Brazil, and Romania. The company's flagship asset is the Kisladag mine in Turkey, which is one of the largest gold mines in the world. Eldorado Gold also operates the Lamaque mine in Canada, the Olympias mine in Greece, the Tocantinzinho mine in Brazil, and the Certej mine in Romania.
Fundamental Analysis
Eldorado Gold's financial performance has been strong in recent quarters. In the first quarter of 2023, the company reported revenue of $276.8 million, up 2.9% year-over-year. Net income was $51.4 million, up 55.7% year-over-year. The company's adjusted EBITDA was $128.6 million, up 10.6% year-over-year.
Eldorado Gold's financial strength is reflected in its balance sheet. The company has $349.7 million in cash and equivalents and $1.1 billion in total debt. The company's debt-to-equity ratio is 0.33, which is below the industry average.
Technical Analysis
Eldorado Gold's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which is in the overbought range.
Short Term Outlook
Eldorado Gold's stock price is likely to continue to trend higher in the short term. The company's financial performance is strong, and the technical analysis is positive. The stock's RSI is in the overbought range, which could lead to a pullback in the short term. However, the overall trend is positive, and the stock is likely to continue to move higher in the coming months.
Long Term Outlook
Eldorado Gold's long-term outlook is positive. The company has a strong portfolio of assets, and the gold market is expected to remain strong in the coming years. The company's financial strength and technical analysis also support a positive long-term outlook.
Analyst Recommendations
Analysts are generally positive on Eldorado Gold. Six analysts rate the stock as a buy, and four analysts rate it as a hold. The average analyst target price is $20.27, which represents a potential upside of 18.8% from the current stock price.
