Eldorado Gold EGO
CanadaBasic Materials · GoldUSD
46.50 USD (+26.8%)
6 analysts
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Eldorado Gold Corporation is a mid-tier gold miner with operations in Turkey, Greece, and Canada, exploring, developing, and producing gold, generating revenue mainly from the sale of doré and concentrates.
Key points
from its scores- ✓Good share-price trend9.1
- ✓Very solid balance sheet8.0
- ✕Little or no dividend3.0
- ✕Unfavourable risk and backdrop3.8
- ✕Little competitive advantage4.9
AI analysis
bottom line, main risk, context and newsThe cheap valuation and healthy balance sheet provide support, but weak cash generation and low earnings growth suggest waiting for operational improvement before adding to the position.
Eldorado Gold shows solid financial health (ND/EBITDA 1.05, operating margin 43.28%) and an attractive valuation (forward P/E 6.91), but earnings growth is weak (2.20%) and free cash flow conversion is negative (-39.40%), limiting its appeal despite strong momentum.
Exposure to Turkey, with risk of state intervention and currency volatility, is Eldorado Gold's main specific risk, along with dependence on the gold price to sustain profitability.
Context and risks
Eldorado Gold operates gold mines in Turkey, Greece, and Canada. Exposure to Turkey, an emerging market with weak governance and risk of state intervention, justifies a moderate penalty on the base risk, which already captures sector volatility.
Is Eldorado Gold stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 20% below the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.8 | 19.2 | −33% |
| EV / EBITDA | 9.4 | 10.0 | −6% |
| Price / book | 1.4 | 2.3 | −38% |
| Price / sales | 4.7 | 2.2 | +114% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.4 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 46.50 USD, +26.8% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 8.0 (sector 7.1), Growth 5.2 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 12.8
- Forward P/E
- 6.9
- EV / EBITDA
- 9.4
- Price / book
- 1.4
- Price / sales
- 4.7
- PEG
- 5.96
- Market cap
- 9.6B USD
- Enterprise value
- 10.8B USD
Profitability
- ROE
- 11.3%
- ROA
- 6.9%
- ROIC (approx.)
- 10.2%
- Gross margin
- 62.3%
- Operating margin
- 43.3%
- Net margin
- 29.8%
- Free cash flow
- −453.5M USD
- FCF yield
- −4.7%
- Cash conversion
- −39%
Solvency
- Total debt
- 1.8B USD
- Net debt
- 1.2B USD
- Cash
- 554.6M USD
- EBITDA
- 1.2B USD
- Net debt / EBITDA
- 1.05
- Debt / equity
- 25.68
- Current ratio
- 1.31
- Quick ratio
- 0.85
Growth
- Revenue growth
- +7.9%
- Earnings growth
- +2.2%
- EPS (TTM)
- 2.87 USD
- EPS (forward)
- 5.30 USD
Dividend
- Dividend yield
- 0.8%
- Payout
- 5.2%
Risk and market
- Beta
- 1.51
- Analyst consensus
- Buy (6)
- Target price
- 46.50 USD
- 52-week range
- 24.44 – 51.16
Recent news
All EGO news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Eldorado Gold
Is Eldorado Gold stock cheap or expensive?
On P/E and EV / EBITDA, it trades 20% below the Basic Materials median on average. Valuation score: 6.4 out of 10 (median for Basic Materials: 5.8). Average analyst target: 46.50 USD, +26.8% versus the price. This is not investment advice.
What score does Eldorado Gold get on MeridIAn Screener?
It scores 5.7 out of 10, rank 1,236 of 2,130 (better than 39% of the companies analysed). Its strongest category is Momentum (9.1) and its weakest, Dividend (3.0). Analysis of 08/10/2026.
What is Eldorado Gold's P/E ratio?
Its P/E is 12.8: the share price equals 12.8 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 6.9.
How much is Eldorado Gold worth on the stock market?
Its market capitalisation is 9.6B USD and its enterprise value, debt included, is 10.8B USD.
How much debt does Eldorado Gold have?
Its net debt (debt minus cash) is 1.2B USD. That is 1.05 times its EBITDA; the Basic Materials median is 1.41.
Does Eldorado Gold pay a dividend?
Yes: its dividend yield is 0.82% and it pays out 5% of its earnings.
How has Eldorado Gold stock performed over the last year?
It has risen 33.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 24.44 and 51.16 USD. Past performance does not guarantee future results.
What do analysts think of Eldorado Gold?
6 analysts cover it; their average recommendation is “Buy” and their average target is 46.50 USD (+26.8% versus the price). It is an estimate, not market data.