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Eldorado Gold

TSX:ELD
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELD
TSX
CA$760M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The last earnings update was 18 days ago. More info.


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  • Eldorado Gold has significant price volatility in the past 3 months.
ELD Share Price and Events
7 Day Returns
-3%
TSX:ELD
-0.1%
CA Metals and Mining
-0.2%
CA Market
1 Year Returns
-25.6%
TSX:ELD
-14.3%
CA Metals and Mining
-1.9%
CA Market
ELD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eldorado Gold (ELD) -3% -16.1% -18.1% -25.6% -83.7% -85%
CA Metals and Mining -0.1% -5.5% -4.7% -14.3% -16.1% -22%
CA Market -0.2% -1.6% 2.1% -1.9% 13.3% 4.3%
1 Year Return vs Industry and Market
  • ELD underperformed the Metals and Mining industry which returned -14.3% over the past year.
  • ELD underperformed the Market in Canada which returned -1.9% over the past year.
Price Volatility
ELD
Industry
5yr Volatility vs Market

Value

 Is Eldorado Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Eldorado Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$4.8.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eldorado Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eldorado Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ELD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-2.51
TSX:ELD Share Price ** TSX (2019-05-17) in CAD CA$4.8
TSX:ELD Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $3.57
Canada Metals and Mining Industry PE Ratio Median Figure of 111 Publicly-Listed Metals and Mining Companies 12.65x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 14.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eldorado Gold.

TSX:ELD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ELD Share Price ÷ EPS (both in USD)

= 3.57 ÷ -2.51

-1.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eldorado Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Eldorado Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Eldorado Gold's expected growth come at a high price?
Raw Data
TSX:ELD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
77%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.62x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Eldorado Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eldorado Gold's assets?
Raw Data
TSX:ELD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $20.58
TSX:ELD Share Price * TSX (2019-05-17) in CAD CA$4.8
TSX:ELD Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $3.57
Canada Metals and Mining Industry PB Ratio Median Figure of 1,093 Publicly-Listed Metals and Mining Companies 1.26x
Canada Market PB Ratio Median Figure of 2,407 Publicly-Listed Companies 1.41x
TSX:ELD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ELD Share Price ÷ Book Value per Share (both in USD)

= 3.57 ÷ 20.58

0.17x

* Primary Listing of Eldorado Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eldorado Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Eldorado Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Eldorado Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Eldorado Gold expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
77%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eldorado Gold expected to grow at an attractive rate?
  • Eldorado Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Eldorado Gold's earnings growth is expected to exceed the Canada market average.
  • Eldorado Gold's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:ELD Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ELD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 77%
TSX:ELD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 6.9%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 24.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:ELD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ELD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 666 -11 1
2021-12-31 632 128 19 5
2020-12-31 809 277 84 10
2019-12-31 610 156 10 10
TSX:ELD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 407 47 -398
2018-12-31 459 66 -362
2018-09-30 468 98 -165
2018-06-30 482 68 -41
2018-03-31 411 3 -5
2017-12-31 391 28 -7
2017-09-30 405 62 -10
2017-06-30 426 129 12
2017-03-31 450 154 10
2016-12-31 433 114 -5
2016-09-30 427 107 -1,171
2016-06-30 423 99 -1,285

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eldorado Gold's earnings are expected to grow significantly at over 20% yearly.
  • Eldorado Gold's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:ELD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Eldorado Gold Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ELD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.12 0.16 0.08 2.00
2020-12-31 0.53 0.64 0.37 5.00
2019-12-31 0.00 0.05 -0.04 4.00
TSX:ELD Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -2.51
2018-12-31 -2.28
2018-09-30 -1.04
2018-06-30 -0.26
2018-03-31 -0.03
2017-12-31 -0.05
2017-09-30 -0.06
2017-06-30 0.08
2017-03-31 0.07
2016-12-31 -0.03
2016-09-30 -8.17
2016-06-30 -8.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Eldorado Gold is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eldorado Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eldorado Gold has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Eldorado Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eldorado Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eldorado Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Eldorado Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eldorado Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Eldorado Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eldorado Gold Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ELD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 407.14 -397.57 92.24
2018-12-31 459.02 -361.88 91.19
2018-09-30 467.59 -164.52 96.12
2018-06-30 481.87 -40.66 102.81
2018-03-31 411.43 -5.25 99.46
2017-12-31 391.41 -7.14 107.50
2017-09-30 404.71 -9.50 95.32
2017-06-30 425.59 11.67 84.59
2017-03-31 449.91 10.24 80.19
2016-12-31 432.73 -4.78 72.79
2016-09-30 426.96 -1,170.61 71.45
2016-06-30 423.10 -1,285.49 71.86
2016-03-31 440.60 -1,503.63 71.62
2015-12-31 479.08 -1,518.50 79.20
2015-09-30 629.13 -315.58 81.24
2015-06-30 780.27 -197.91 88.76
2015-03-31 921.20 48.29 100.68
2014-12-31 1,067.90 102.61 104.82
2014-09-30 1,040.62 -598.86 110.42
2014-06-30 1,064.36 -582.24 114.76
2014-03-31 1,065.79 -576.60 118.47
2013-12-31 1,123.99 -653.33 124.95
2013-09-30 1,242.21 149.20 125.92
2013-06-30 1,236.80 188.64 130.68
2013-03-31 1,214.06 191.99 132.45
2012-12-31 1,147.54 305.30 133.35
2012-09-30 1,102.23 279.17 136.32
2012-06-30 1,147.75 305.80 124.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Eldorado Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Eldorado Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Eldorado Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Eldorado Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eldorado Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Eldorado Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eldorado Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eldorado Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eldorado Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eldorado Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eldorado Gold Company Filings, last reported 1 month ago.

TSX:ELD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,321.42 616.75 230.17
2018-12-31 3,347.09 602.52 295.53
2018-09-30 3,577.29 601.54 387.82
2018-06-30 3,706.98 594.88 433.52
2018-03-31 3,731.13 594.33 463.83
2017-12-31 3,723.48 593.89 490.02
2017-09-30 3,746.26 593.24 551.26
2017-06-30 3,589.93 592.69 799.00
2017-03-31 3,581.35 591.85 919.07
2016-12-31 3,571.46 591.59 916.79
2016-09-30 3,674.35 601.04 409.10
2016-06-30 3,669.67 620.49 172.41
2016-03-31 3,933.16 589.94 262.84
2015-12-31 3,921.44 589.40 310.90
2015-09-30 5,262.97 588.85 404.78
2015-06-30 5,372.90 596.88 460.22
2015-03-31 5,567.27 606.04 503.68
2014-12-31 5,577.91 603.54 505.57
2014-09-30 5,568.26 594.98 566.81
2014-06-30 5,550.73 602.86 589.16
2014-03-31 5,510.00 602.51 622.52
2013-12-31 5,494.86 601.41 628.27
2013-09-30 6,170.45 601.18 728.60
2013-06-30 6,169.36 597.30 746.03
2013-03-31 6,122.35 596.66 830.89
2012-12-31 6,213.34 593.32 818.83
2012-09-30 6,133.57 95.66 274.45
2012-06-30 6,091.87 147.40 320.01
  • Eldorado Gold's level of debt (18.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.9% vs 18.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Eldorado Gold has less than a year of cash runway based on current free cash flow.
  • Eldorado Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.4% each year.
X
Financial health checks
We assess Eldorado Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eldorado Gold has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Eldorado Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Eldorado Gold dividends. Estimated to be 0.39% next year.
If you bought CA$2,000 of Eldorado Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Eldorado Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eldorado Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:ELD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:ELD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.02 3.00
2020-12-31 0.02 4.00
2019-12-31 0.00 5.00
TSX:ELD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-07-27 0.000 0.000
2017-04-27 0.000 0.000
2017-02-23 0.000 0.000
2016-10-28 0.000 0.000
2016-10-27 0.000 0.000
2016-07-28 0.000 0.000
2016-05-12 0.000 0.000
2016-05-11 0.000 0.000
2016-03-23 0.000 0.000
2015-10-30 0.068 0.499
2015-07-30 0.075 0.457
2015-01-20 0.077 0.348
2014-10-30 0.083 0.275
2014-08-01 0.088 0.243
2014-01-16 0.267 0.844
2013-08-06 0.548 1.733
2013-01-09 0.614 1.546
2012-07-27 0.745 1.117
2012-01-09 0.864 1.390
2011-11-03 0.572 0.725
2011-07-28 0.565 0.644
2011-01-10 0.499 0.633
2010-10-28 0.484 0.545
2010-07-29 0.472 0.517
2010-05-10 0.463 0.568
2010-05-07 0.246 0.307
2010-05-06 0.246 0.306

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Eldorado Gold has not reported any payouts.
  • Unable to verify if Eldorado Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eldorado Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eldorado Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Eldorado Gold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Eldorado Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eldorado Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eldorado Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Eldorado Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Burns
COMPENSATION $3,960,000
AGE 58
TENURE AS CEO 2.1 years
CEO Bio

Mr. George Raymond Burns has been the Chief Executive Officer and President of Eldorado Gold Corporation since April 28, 2017. Mr. Burns served as the Chief Operating Officer and Executive Vice President of GoldCorp Inc. since August 8, 2012 until December 2016. He served as the Chief Operating Officer and Executive Vice President of Goldcorp Canada Ltd. until January 1, 2017. He has over 35 years of experience in the mineral sector, including executive, operations, development and engineering leadership roles in gold, copper and coal operations. He served as Senior Vice President of Mexico at GoldCorp Inc. from April 1, 2011 to August 2012 and served as its Senior Vice President of Canada & US Operations from July 8, 2010 to April 1, 2011. He served as Vice President of Canada and United States at GoldCorp Inc. from joining on August 8, 2007 to July 8, 2010. Mr. Burns served as Chief Operating Officer and Vice President of Centerra Gold Inc. from 2003 to June 2007. From 1983 to 1996, he served in various capacities for Cyprus Minerals Corporation, including Resident Manager of the Copperstone Gold Mine from 1991 to 1994. He joined Asarco Incorporated in 1996 and served as its General Manager of the Ray Copper Mine since 1999. He served as Vice President of Mining Operations at Asarco Incorporated since 2002. He joined Cameco Gold in 2003 as Vice President and Chief Operating Officer. He began his career with the Anaconda Company in 1978. Mr. Burns has been Director of Eldorado Gold Corporation since April 27, 2017. He is a Member of the Society of Mining, Metallurgical and Exploration Inc. and the Prospectors and Developers Association of Canada. Mr. Burns received a Bachelor of Science degree in Mining Engineering from the Montana College of Mineral Science and Technology in 1982.

CEO Compensation
  • George's compensation has been consistent with company performance over the past year.
  • George's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Eldorado Gold management team in years:

1.3
Average Tenure
  • The average tenure for the Eldorado Gold management team is less than 2 years, this suggests a new team.
Management Team

George Burns

TITLE
President
COMPENSATION
$4M
AGE
58
TENURE
2.1 yrs

Phil Yee

TITLE
Executive VP & CFO
COMPENSATION
$4M
TENURE
0.7 yrs

Paul Skayman

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
53
TENURE
6.8 yrs

Jason Cho

TITLE
Executive VP & Chief Strategy Officer
COMPENSATION
$2M
TENURE
0.3 yrs

Charles Parker

TITLE
Corporate Controller
COMPENSATION
$564K

Peter Lekich

TITLE
Manager of Investor Relations

Tim Garvin

TITLE
Executive VP & General Counsel
TENURE
1.3 yrs

Lisa Ower

TITLE
Vice President of Human Resources

Peter Lewis

TITLE
Vice President of Exploration
TENURE
10 yrs

Shane Williams

TITLE
Senior Vice President of Capital Projects and Greece & Quebec Operations
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Eldorado Gold board of directors in years:

4.5
Average Tenure
62
Average Age
  • The tenure for the Eldorado Gold board of directors is about average.
Board of Directors

George Albino

TITLE
Non-Executive Chairman
COMPENSATION
$382K
AGE
60
TENURE
1.3 yrs

George Burns

TITLE
President
COMPENSATION
$4M
AGE
58
TENURE
2.1 yrs

Steve Reid

TITLE
Independent Director
COMPENSATION
$228K
AGE
62
TENURE
6 yrs

Pamela Gibson

TITLE
Independent Director
COMPENSATION
$229K
AGE
65
TENURE
4.7 yrs

John Webster

TITLE
Independent Director
COMPENSATION
$230K
AGE
63
TENURE
4.3 yrs

Geoff Handley

TITLE
Independent Director
COMPENSATION
$242K
AGE
68
TENURE
12.8 yrs

Mike Price

TITLE
Independent Director
COMPENSATION
$227K
AGE
62
TENURE
8 yrs

Teresa Conway

TITLE
Independent Director
COMPENSATION
$66K
AGE
59
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Eldorado Gold insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Mar 19 Buy Teresa Conway Individual 14. Mar 19 14. Mar 19 3,000 CA$6.20 CA$18,600
09. Aug 18 Buy Steven Reid Individual 07. Aug 18 07. Aug 18 5,000 CA$6.77 CA$33,840
29. Jun 18 Buy Paul Skayman Individual 28. Jun 18 28. Jun 18 2,268 CA$6.38 CA$14,459
13. Jun 18 Buy George Burns Individual 13. Jun 18 13. Jun 18 16,127 CA$7.45 CA$120,149
X
Management checks
We assess Eldorado Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eldorado Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholder Owns Most Eldorado Gold Corporation (TSE:ELD) Stock?

The big shareholder groups in Eldorado Gold Corporation (TSE:ELD) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of CA$905m, Eldorado Gold is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Imagine Owning Eldorado Gold And Trying To Stomach The 86% Share Price Drop

Eldorado Gold Corporation (TSE:ELD) shareholders will doubtless be very grateful to see the share price up 50% in the last quarter. … Eldorado Gold isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over half a decade Eldorado Gold reduced its trailing twelve month revenue by 24% for each year.

Simply Wall St -

Eldorado Gold Corporation's (TSE:ELD) Shift From Loss To Profit

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. … The company’s loss has recently broadened since it announced a -US$7.1m loss in the full financial year, compared to the latest trailing-twelve-month loss of -US$164.5m, moving it further away from breakeven. … Check out our latest analysis for Eldorado Gold

Simply Wall St -

What You Must Know About Eldorado Gold Corporation's (TSE:ELD) Financial Strength

Eldorado Gold Corporation (TSE:ELD) is a small-cap stock with a market capitalization of CA$693m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

When Will Eldorado Gold Corporation (TSE:ELD) Turn A Profit?

Eldorado Gold Corporation's (TSE:ELD):. … Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. … With the latest financial year loss of -US$7m and a trailing-twelve month of -US$41m, the CA$934m market-cap amplifies its loss by moving further away from its breakeven target.

Simply Wall St -

How Financially Strong Is Eldorado Gold Corporation (TSE:ELD)?

Eldorado Gold Corporation (TSE:ELD) is a small-cap stock with a market capitalization of US$997.25m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What Does Eldorado Gold Corporation's (TSE:ELD) Ownership Structure Look Like?

In this analysis, my focus will be on developing a perspective on Eldorado Gold Corporation’s (TSE:ELD) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Eldorado Gold

Simply Wall St -

Eldorado Gold Corporation’s (TSE:ELD) Insiders Ramped Up Holdings - Should You?

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. … some insider buying over the past three months, with insiders investing in. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal.

Simply Wall St -

Eldorado Gold Corporation (TSE:ELD): Is Breakeven Near?

Eldorado Gold Corporation's (TSE:ELD):. … Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. … View out our latest analysis for Eldorado Gold

Simply Wall St -

Eldorado Gold Corporation (TSE:ELD): Does The Earnings Decline Make It An Underperformer?

Today I will run you through a basic sense check to gain perspective on how Eldorado Gold is doing by comparing its latest earnings with its long-term trend as well as the performance of its metals and mining industry peers. … View our latest analysis for Eldorado Gold Was ELD's recent earnings decline indicative of a tough track record? … TSX:ELD Income Statement Apr 26th 18 We can further examine Eldorado Gold's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Company Info

Description

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil. It also holds 95% interests in Olympias gold mine, Stratoni silver-lead-zinc mine, and Skouries gold-copper project in Greece; and 80.5% interests in Certej gold-silver project 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 founded in 1992 and is headquartered in Vancouver, Canada.

Details
Name: Eldorado Gold Corporation
ELD
Exchange: TSX
Founded: 1992
CA$760,131,072
158,360,640
Website: http://www.eldoradogold.com
Address: Eldorado Gold Corporation
1188 Bentall 5,
550 Burrard Street,
Vancouver,
British Columbia, V6C 2B5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ELD Voting Common Shares The Toronto Stock Exchange CA CAD 02. Dec 1992
NYSE EGO Voting Common Shares New York Stock Exchange US USD 02. Dec 1992
DB ELO1 Voting Common Shares Deutsche Boerse AG DE EUR 02. Dec 1992
Number of employees
Current staff
Staff numbers
2,756
Eldorado Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:31
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.