Eldorado Gold Corporation

NYSE:EGO Stock Report

Market Cap: US$8.2b

Eldorado Gold Past Earnings Performance

Past criteria checks 3/6

Eldorado Gold has been growing earnings at an average annual rate of 50.2%, while the Metals and Mining industry saw earnings declining at 4.1% annually. Revenues have been growing at an average rate of 15.3% per year. Eldorado Gold's return on equity is 13.5%, and it has net margins of 29.2%.

Key information

50.23%

Earnings growth rate

47.69%

EPS growth rate

Metals and Mining Industry Growth26.40%
Revenue growth rate15.28%
Return on equity13.49%
Net Margin29.18%
Next Earnings Update30 Jul 2026

Recent past performance updates

Recent updates

Seeking Alpha • Apr 03

Eldorado Gold: 40% Production Growth Trading Under 8x Earnings

Summary Eldorado Gold offers a compelling growth and value proposition, trading at a notable discount to peers despite imminent catalysts. Skouries mine is set for first production in Q3 2026, driving 40% output growth and significant copper exposure, further enhancing margins. EGO trades at under 8x 2026 earnings and below 5x 2027, with a strong balance sheet, new dividend, and active buybacks supporting capital returns. Risks include Skouries execution, Turkish jurisdiction exposure, and gold/copper price sensitivity, but current valuation undervalues EGO’s near-term growth. Read the full article on Seeking Alpha
Seeking Alpha • Apr 22

Eldorado Gold: Don't Chase The Stock Here

Summary Eldorado Gold reported its third consecutive miss on its annual guidance midpoint, impacted by longer than planned leach cycles at Kisladag and downtime at Olympias. The bigger news was that we've seen another material upward revision in capex at Skouries and no gold/copper production in 2025, materially pushing out its free cash flow inflection point. Adding to the negatives, 2025 production at its existing operations is expected to be materially lower (480,000 ounces) vs. 515,000 ounces previously. In this update, we'll dig into the Q4 & FY2024 results, recent developments, and whether the stock is offering an adequate margin of safety at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Jan 21

Eldorado Gold: Skouries Capex Uncertainty Overshadows Strong Q4 Output

Summary Eldorado Gold reported strong Q4-24 production but missed its annual guidance midpoint for the third consecutive year. Its Lamaque Mine was a standout performer in Q4-24 with record production and reserve growth, offset by softer production at its other three mines on a YoY basis. Unfortunately, reserve growth and solid Q4 production were offset by uncertainty related to Skouries' schedule and already upward revised capex estimate, impacted by a tight labor market. In this update, we'll dig into the preliminary Q4 results, recent developments, and whether EGO is offering enough of a margin of safety after its recent correction. Read the full article on Seeking Alpha
Seeking Alpha • Jan 03

Top 5 Mining Stocks To Watch In 2025: No.4 - Eldorado Gold

Summary Eldorado Gold is significantly undervalued compared to its peers, with a price-to-earnings ratio of 10.87 and a price-to-operating cash flow ratio of 5.58. The Skouries mine, starting production in Q3 2025, is expected to add over $350 million in annual cash flows, boosting Eldorado's financial resilience. If everything goes well, Eldorado's share price may double by the end of 2025 quite easily. Read the full article on Seeking Alpha
Seeking Alpha • Nov 05

Eldorado Gold: Another Quarter Of Significant Margin Expansion

Summary Eldorado Gold Corporation's Q3 2024 production increased by 3%, but full-year guidance was trimmed due to downtime at Olympias and slower leach times at Kisladag. Meanwhile, costs increased materially year-over-year, with Eldorado being one name whose costs are more sensitive to higher royalty rates related to the gold price vs. its peers. On a positive note, Skouries remains on schedule & while EGO doesn't screen as attractively for its FCF yield, it will morph into a free cash flow machine in 2026. In this update, we'll dig into its Q3-24 recent, Skouries progress and whether the stock is worthy of investment at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Sep 06

Eldorado Gold: All Eyes On Skouries

Summary Eldorado Gold is at a turning point in its history as the Skouries project located in Greece is expected to reach first production in Q3-25. Once in full production, Skouries is expected to have operating costs of -$365 per ounce after subtracting the credit associated with the copper production. Eldorado has been one of the best-performing gold producers over the last year. Expectations are high and Skouries must be completed on time and on budget. A key risk hovering around is jurisdictional in nature. Earlier this week, Turkey announced its intention to join the BRICS nations which is an important pivot for a NATO country. Read the full article on Seeking Alpha
Seeking Alpha • Jun 16

Eldorado Gold Corporation: What The Latest Investor Presentation Tells Us

Summary Eldorado held its latest Investor Presentation, which provided the latest status on a range of issues pertaining to the company. Skouries is taking up lots of capex, pushing free cash flow into the red, but the payoff down the road could be substantial. The stock has soared higher lately along with the price of gold, but there is reason to believe Eldorado has a shot at higher prices in the coming years. Eldorado has what it takes to take full advantage of higher gold prices, which is something that can’t be said of all gold miners. Read the full article on Seeking Alpha
Seeking Alpha • Apr 30

Eldorado Gold Stock: Room To Stay Bullish At A 7-Year High

Summary We recap the Q1 earnings report from Eldorado Gold. The miner offers a strong growth outlook, looking ahead to the completion of its high-grade Skouries project by 2025. Record gold pricing supports a positive earnings outlook, which can drive shares higher going forward. Read the full article on Seeking Alpha
Seeking Alpha • Feb 13

Eldorado Gold: Better Entries Ahead Of Strong Upside Potential

Summary A hold rating is assigned to Eldorado Gold due to the bright outlook for safe-haven gold and the company's robust production and elevated margins, but shares are on track to move lower. Gold prices are expected to rise in the next few months, reaching a forecast value of $2,112.48/oz, driven by strong demand and supply deficit. Eldorado Gold Corporation offers growth opportunities as its stock price is positively correlated with gold prices and the company has robust gold production and profitability. Read the full article on Seeking Alpha
Seeking Alpha • Nov 29

Eldorado Gold: Massive Growth Potential

Summary Eldorado Gold Corporation has seen significant stock growth, outperforming the gold miners index and physical gold. The company's Q3 performance was solid, with strong production and favorable costs. Eldorado Gold Corporation has a strong balance sheet and is positioned for future growth, particularly with the reactivation of its Greek assets. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12

Eldorado Gold Q3 Earnings: A Solid Quarter Overall

Summary With 119,200 ounces of gold sold, the third quarter of 2023 generated a record of $245.27 million in revenue. Gold output increased to 121,030 ounces (sold at 119,200 ounces) in 3Q23 from 118,791 ounces in 3Q22, or 10.6% more than the 109,435 ounces delivered in the previous quarter. The mid-point of the 2023 production guidance has been revised downward by about 2%. I recommend buying EGO between $10.3 and $9.83, with potential lower support at $9.25. Read the full article on Seeking Alpha
Seeking Alpha • Oct 29

Eldorado Gold: Margins Up Sharply, But Annual Output Below Plan

Summary Eldorado Gold reported solid results in Q3, enjoying a 60%+ increase in AISC margins with a stronger gold price and lapping easy comparisons. And while the FY23 guidance midpoint on output was trimmed slightly, EGO continues to perform well operationally and Skouries remains on schedule/budget. In this update, we'll look at the Q3 results, why Eldorado is unique among its peer group, and where the stock's updated low-risk buy zone lies. Read the full article on Seeking Alpha
Seeking Alpha • Oct 02

Eldorado Gold: Strong Q4 Needed To Meet Guidance Midpoint

Summary Eldorado Gold has suffered a ~26% drawdown from its highs, impacted by a sharp pullback in precious metals prices. Unfortunately, this pullback in gold has been coupled with a rise in oil prices, setting up a tougher Q4 from a margin standpoint coupled with sticky labor inflation. In this update, we'll look at Eldorado's preliminary Q3 results, its valuation following the drop, and whether the stock is offering an adequate margin of safety at current levels. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Eldorado Gold makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:EGO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261,9965821030
31 Dec 251,819520990
30 Sep 251,677377880
30 Jun 251,574422820
31 Mar 251,420340780
31 Dec 241,323301750
30 Sep 241,194285780
30 Jun 241,107177760
31 Mar 241,039122750
31 Dec 231,009106770
30 Sep 23948129820
30 Jun 23921107780
31 Mar 2390583740
31 Dec 2287224730
30 Sep 22870-124550
30 Jun 22891-87550
31 Mar 22911-33620
31 Dec 2194121610
30 Sep 2197584670
30 Jun 211,024130650
31 Mar 211,047148570
31 Dec 201,027131550
30 Sep 20940192540
30 Jun 20825142530
31 Mar 20742105550
31 Dec 1961881570
30 Sep 19519-229660
30 Jun 19428-361810
31 Mar 19407-398920
31 Dec 18459-362910
30 Sep 18468-1651040
30 Jun 18482-411030
31 Mar 18411-5990
31 Dec 17391-71080
30 Sep 17405-9950
30 Jun 1742612850
31 Mar 1745010800
31 Dec 16433-5730
30 Sep 16427-1,171710
30 Jun 16423-1,285720
31 Mar 16441-1,504720
31 Dec 15479-1,518790
30 Sep 15629-316810
30 Jun 15780-198890

Quality Earnings: EGO has a high level of non-cash earnings.

Growing Profit Margin: EGO's current net profit margins (29.2%) are higher than last year (23.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: EGO has become profitable over the past 5 years, growing earnings by 50.2% per year.

Accelerating Growth: EGO's earnings growth over the past year (71.5%) exceeds its 5-year average (50.2% per year).

Earnings vs Industry: EGO earnings growth over the past year (71.5%) did not outperform the Metals and Mining industry 86.6%.

Return on Equity

High ROE: EGO's Return on Equity (13.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 21:56
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Richard GrayATB Cormark
Farooq HamedBarclays
Brian QuastBMO Capital Markets Equity Research