Eldorado Gold (ELD) Stock Overview
Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 5/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
ELD Community Fair Values
Create NarrativeSee what 95 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Eldorado Gold Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$43.36 |
| 52 Week High | CA$69.46 |
| 52 Week Low | CA$27.02 |
| Beta | 1.4 |
| 1 Month Change | 6.46% |
| 3 Month Change | -14.05% |
| 1 Year Change | 59.12% |
| 3 Year Change | 199.03% |
| 5 Year Change | 247.99% |
| Change since IPO | 641.20% |
Recent News & Updates
Narrative Update • Jul 06
ELD: Buybacks And Saskatchewan Projects Will Offset Softer Near Term Production
Analysts have slightly lifted their CA$ fair value estimate for Eldorado Gold, with the price target moving from CA$43.02 to CA$44.41 as they factor in updated assumptions around revenue growth, profit margins, discount rate, and future P/E expectations. What’s in the News for Eldorado Gold Emperor Metals completed updates to the Lac Pelletier Remediation and Closure Plan in collaboration with Eldorado Gold, with the revised plan submitted to regulators for approval, source: Emperor Advances Lac Pelletier Toward Production with Submission of Updated Remediation Plan.
Narrative Update • Jun 22
ELD: McIlvenna Bay Copper Ramp Up Will Support Future Upside
Analysts have revised their fair value estimate for Eldorado Gold to CA$61.00 from CA$65.43, reflecting updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What’s in the News for Eldorado Gold Eldorado Gold produced first copper concentrate at its 100%-owned McIlvenna Bay Project in Saskatchewan and is ramping up toward a nameplate capacity of 4,900 tonnes per day, with commercial production targeted for the third quarter of 2026.Recent updates
Narrative Update • Jul 06
ELD: Buybacks And Saskatchewan Projects Will Offset Softer Near Term Production
Analysts have slightly lifted their CA$ fair value estimate for Eldorado Gold, with the price target moving from CA$43.02 to CA$44.41 as they factor in updated assumptions around revenue growth, profit margins, discount rate, and future P/E expectations. What’s in the News for Eldorado Gold Emperor Metals completed updates to the Lac Pelletier Remediation and Closure Plan in collaboration with Eldorado Gold, with the revised plan submitted to regulators for approval, source: Emperor Advances Lac Pelletier Toward Production with Submission of Updated Remediation Plan.Narrative Update • Jun 22
ELD: McIlvenna Bay Copper Ramp Up Will Support Future Upside
Analysts have revised their fair value estimate for Eldorado Gold to CA$61.00 from CA$65.43, reflecting updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What’s in the News for Eldorado Gold Eldorado Gold produced first copper concentrate at its 100%-owned McIlvenna Bay Project in Saskatchewan and is ramping up toward a nameplate capacity of 4,900 tonnes per day, with commercial production targeted for the third quarter of 2026.
Narrative Update • Jun 06
ELD: Production Upside From Ormaque Development Will Drive Future Rerating
Analysts have trimmed their price target on Eldorado Gold to CA$82.05 from CA$84.07, reflecting updated views on fair value, expected revenue growth, profit margins, and a higher assumed future P/E multiple. What's in the News Eldorado Gold reaffirmed its 2026 production guidance, with expected annual gold output in a range of 490,000 to 590,000 ounces, and production weighted to the second half of the year.Narrative Update • May 22
ELD: Buybacks And New Quebec Authorization Will Balance Softer Near Term Production
Analysts have reduced their CA$ price target on Eldorado Gold from CA$52.01 to CA$43.02, citing adjustments to revenue growth assumptions, a different discount rate, and an updated view on future P/E and profit margins. What's in the News From January 1 to March 31, 2026, Eldorado Gold repurchased 2,419,992 shares, or 1.22% of its shares, for $83.9 million, bringing total buybacks under the July 31, 2025 program to 6,971,880 shares, or 3.48%, for $200.75 million (company announcement).Analysis Article • May 07
Eldorado Gold's (TSE:ELD) Earnings Are Weaker Than They Seem
Despite posting some strong earnings, the market for Eldorado Gold Corporation's ( TSE:ELD ) stock hasn't moved much...Narrative Update • May 04
ELD: Ormaque Authorization And Proposed Foran Deal Will Support Future Upside
Analysts have trimmed their price target on Eldorado Gold to CA$65.43 from CA$66.88, citing updated assumptions that combine slightly higher discount rates and profit margins with adjusted expectations for revenue growth and future P/E levels. What's in the News Eldorado Gold reported first quarter 2026 gold production of 100,358 ounces, a 13% decline from 115,893 ounces in the first quarter of 2025, mainly linked to planned lower tonnes and ore grades at Kisladag and lower grades at Efemcukuru, partly offset by higher grade and recoveries at Olympias and Lamaque (Key Developments).Narrative Update • Apr 20
ELD: Dividend Launch Will Support Future Rerating Despite Slightly Lower Fair Value
Analysts have slightly trimmed their CA$ price targets on Eldorado Gold as updated models reflect a marginally lower fair value, along with modest adjustments to discount rates, revenue growth, profit margin assumptions and a future P/E of 8.10x instead of 9.11x. What's in the News Eldorado Gold has initiated a quarterly dividend program, with an initial dividend of US$0.075 per common share payable on March 13, 2026, to shareholders of record on February 27, 2026 (Key Developments).Narrative Update • Apr 06
ELD: Dividend Initiation And Leadership Transition Will Drive Future Rerating
Analysts have raised their CA$ fair value estimate for Eldorado Gold from about CA$76 to roughly CA$85, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News Eldorado Gold has called on shareholders and securityholders to vote for issuing new common shares tied to its proposed plan of arrangement with Foran Mining, ahead of a special meeting on April 7, 2026.Narrative Update • Mar 22
ELD: New Ormaque Authorization And Dividend Program Will Support Future Upside
Analysts have raised their price target on Eldorado Gold to CA$66.88 from CA$53.46, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Eldorado Gold received Operating Authorization from Quebec's Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks for the Ormaque deposit at the Lamaque Complex.Narrative Update • Mar 08
ELD: New Payouts And Exploration Will Counterbalance Mixed Profitability Outlook
Analysts now place Eldorado Gold's price target at CA$52.01, up from CA$46.23, citing updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Eldorado Gold issued new production guidance for 2026 to 2028, outlining expected ranges for gold, silver, copper, lead and zinc output across its operations (Corporate guidance).Narrative Update • Feb 22
ELD: Dividend Launch And Buybacks Will Mask Weaker Profitability Outlook
Analysts have adjusted their price target on Eldorado Gold to CA$46.23 from CA$45.34. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E expectations.Narrative Update • Feb 07
ELD: Rising Reserves And Buybacks Will Conceal Mounting Overvaluation Risk
Analysts have lifted their price target on Eldorado Gold by about US$5.47, reflecting updated views on fair value, growth expectations, and profitability assumptions for the company. What's in the News Eldorado Gold has initiated a regular quarterly dividend program, with an initial dividend of US$0.075 per common share payable on March 13, 2026, to shareholders of record on February 27, 2026 (Dividend Initiation).Narrative Update • Jan 24
ELD: Higher Reserves And New Dividend Program Will Drive ReRating
Analysts have lifted their price target range on Eldorado Gold to reflect a fair value estimate shift from about $41.05 to roughly $75.88, as they factor in updated assumptions for revenue growth, profit margins, the discount rate, and a slightly lower future P/E multiple. What's in the News Eldorado Gold completed a share repurchase program announced on July 31, 2025, buying back a total of 4,138,994 shares, or 2.05% of outstanding shares, for $116.85 million across tranches ending September 30 and December 31, 2025 (company filing).Analysis Article • Jan 20
Eldorado Gold's (TSE:ELD) Returns On Capital Are Heading Higher
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Jan 10
ELD: Higher Reserves And Buybacks Will Support Measured Future Upside Potential
Analysts have lifted their price target on Eldorado Gold by roughly $3.22 per share, citing updated assumptions that reflect slightly lower discount rates, revised revenue growth expectations, adjusted profit margin forecasts and a modest tweak to future P/E estimates. What's in the News Updated Mineral Reserve and Mineral Resource estimates as of September 30, 2025, indicate Proven and Probable gold reserves of 12.5 million ounces, described by the company as the highest reserve estimate since acquiring the Lamaque Complex in 2017, with an ongoing focus on mine life extension and near mine exploration in Canada and Turkiye (company MRMR announcement).Narrative Update • Dec 23
ELD: Rising Reserves And Margins Will Mask Emerging Overvaluation Risk
Analysts have raised their price target on Eldorado Gold from approximately $29 to $40 per share, citing higher expected revenue growth and profit margins, along with a richer fair value assessment that more than offsets a modest uptick in the assumed discount rate and a lower projected future P/E multiple. What's in the News Updated mineral reserve and resource estimates show Proven and Probable gold reserves rising to 12.5 million ounces as of September 30, 2025, roughly a 5% increase versus the prior statement.Analysis Article • Dec 21
Eldorado Gold Corporation's (TSE:ELD) 28% Jump Shows Its Popularity With Investors
Eldorado Gold Corporation ( TSE:ELD ) shareholders have had their patience rewarded with a 28% share price jump in the...Narrative Update • Dec 09
ELD: Rising Reserves And Buybacks Will Support Future Share Price Momentum
Analysts have nudged their price target on Eldorado Gold slightly higher to reflect a modest uptick in forecast revenue growth and valuation multiples, partially offset by a small reduction in expected profit margins and a higher discount rate that tempers the overall upside. What's in the News Updated Mineral Reserve and Mineral Resource estimates as of September 30, 2025 show Proven and Probable gold reserves rising to 12.5 million ounces, roughly 5 percent higher than the prior statement.Narrative Update • Nov 25
ELD: Rising Profit Margins Will Drive Share Price Momentum Ahead
Analysts have slightly raised their price target for Eldorado Gold from $50.17 to $50.23. They cite improving revenue growth projections and stronger profit margin expectations as the reasons for this adjustment.Analysis Article • Nov 22
Eldorado Gold (TSE:ELD) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Narrative Update • Nov 06
ELD: Net Profit Margin Gains Will Drive Forward-Looking Share Price Momentum
Analysts have raised their price target on Eldorado Gold from $45.20 to $50.17, citing improved profit margins and a modestly higher discount rate as key factors supporting this outlook. What's in the News The company completed a buyback of 2,015,696 shares, representing 0.99% of outstanding shares, for $53.22 million by September 30, 2025.Narrative Update • Oct 23
Analysts Raise Eldorado Gold Price Target as Valuation and Revenue Outlook Improve Amid Buybacks
Analysts have raised their price target for Eldorado Gold from approximately $40.79 to $45.20. They cite improved revenue growth forecasts and a modest increase in projected profit margins as the reasons for this adjustment.Narrative Update • Oct 09
Skouries Commissioning Will Fuel Lasting Operational Transformation
Analyst Price Target for Eldorado Gold Rises on Improved Financial Outlook Analysts have raised their price target for Eldorado Gold from $36.53 to $40.79. They cite stronger anticipated revenue growth and profit margins as key factors supporting the upward revision.Narrative Update • Sep 25
Skouries Commissioning Will Fuel Lasting Operational Transformation
The upward revision in Eldorado Gold’s price target is primarily driven by stronger revenue growth forecasts and a higher expected future P/E, resulting in a new fair value estimate of CA$36.53. What's in the News Announced a share repurchase program to buy back up to 10,159,967 shares (5% of shares outstanding) to enhance shareholder returns.Analysis Article • Sep 07
Investors Will Want Eldorado Gold's (TSE:ELD) Growth In ROCE To Persist
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Narrative Update • Aug 30
Skouries Commissioning Will Fuel Lasting Operational Transformation
The significant increase in Eldorado Gold’s future P/E ratio suggests heightened expectations for earnings growth or valuation multiples, while the consensus analyst price target remains effectively unchanged, edging up slightly to CA$35.09. What's in the News Eldorado Gold announced a share repurchase program, aiming to buy back up to 10,159,967 shares (5% of outstanding shares) to enhance shareholder returns.
New Narrative • Feb 09
Skouries And Olympias Expansions Will Increase Future Gold And Copper Output
Expansion efforts and operational optimizations at Olympias and Kisladag aim to boost production capacity and recovery rates for future revenue growth.Shareholder Returns
| ELD | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -9.1% | -3.4% | 0.5% |
| 1Y | 59.1% | 58.6% | 28.5% |
Return vs Industry: ELD matched the Canadian Metals and Mining industry which returned 58.6% over the past year.
Return vs Market: ELD exceeded the Canadian Market which returned 28.5% over the past year.
Price Volatility
| ELD volatility | |
|---|---|
| ELD Average Weekly Movement | 8.7% |
| Metals and Mining Industry Average Movement | 10.9% |
| Market Average Movement | 9.6% |
| 10% most volatile stocks in CA Market | 16.5% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: ELD has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: ELD's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 8,400 | George Burns | www.eldoradogold.com |
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece. It primarily produces gold, as well as silver, lead, and zinc. The company holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Quebec, Canada; Olympias located in northern Greece; and Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece.
Eldorado Gold Corporation Fundamentals Summary
| ELD fundamental statistics | |
|---|---|
| Market cap | CA$10.97b |
| Earnings (TTM) | CA$825.55m |
| Revenue (TTM) | CA$2.83b |
13.7x
P/E Ratio4.0x
P/S RatioIs ELD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ELD income statement (TTM) | |
|---|---|
| Revenue | US$2.00b |
| Cost of Revenue | US$741.71m |
| Gross Profit | US$1.25b |
| Other Expenses | US$671.83m |
| Earnings | US$582.50m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 30, 2026
| Earnings per share (EPS) | 2.24 |
| Gross Margin | 62.84% |
| Net Profit Margin | 29.18% |
| Debt/Equity Ratio | 28.5% |
How did ELD perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield3%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/09 08:54 |
| End of Day Share Price | 2026/07/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Eldorado Gold Corporation is covered by 27 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gray | ATB Cormark |
| Farooq Hamed | Barclays |
| Brian Quast | BMO Capital Markets Equity Research |