(ELD) Eldorado Gold - Ratings and Ratios

Eldorado Gold Corporation is a Canada-based mining company with a diverse portfolio of gold, silver, lead, and zinc assets across Turkey, Canada, Greece, and Romania. The company operates a mix of producing mines and development projects, positioning it as a mid-tier player in the gold sector. Its flagship assets include the Kisladag and Efemçukuru mines in Turkey, known for their low-cost gold production, and the Lamaque complex in Canada, which has been a recent driver of growth.

The company’s Greek operations include the Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines, with Skouries being a key development project. In Romania, Eldorado holds an 80.5% interest in the Certej development project, which has faced some regulatory challenges but remains a significant part of its pipeline. This geographic diversification is a double-edged sword—it provides exposure to multiple jurisdictions but also introduces political and operational risks.

From a financial perspective, Eldorado Gold trades on the Toronto Stock Exchange under the ticker ELD, with a market capitalization of approximately $4.1 billion CAD. The stock has a trailing P/E ratio of 9.94 and a forward P/E of 7.99, suggesting that the market expects earnings growth. The price-to-book ratio of 0.76 indicates that the stock is trading below its book value, which could signal undervaluation or reflect investor sentiment about the company’s future prospects.

The company’s price-to-sales ratio of 3.44 is relatively in line with industry peers, though gold mining equities often trade more on their P/E and P/NAV metrics. Eldorado’s balance sheet and operational efficiency will be key factors for investors assessing its ability to generate free cash flow and return capital to shareholders. The company’s history dates back to 1996, and it has built a track record of developing and operating mines in challenging jurisdictions.