Spot gold prices and forward curve expectations - each $100/oz move impacts annual EBITDA by approximately $45-50M at current production levels
Quarterly production guidance and AISC performance across the five-mine portfolio, particularly Kışladağ throughput and Lamaque grades
Skouries project development timeline and capital allocation decisions for the $700M+ copper-gold project in Greece
Geopolitical developments in Turkey affecting Kışladağ operations (40-45% of production) and Greek regulatory environment for Skouries permitting
low - Gold demand is counter-cyclical, serving as a safe-haven asset during economic uncertainty and inflation hedging. Physical demand from central banks, jewelry (India/China), and investment flows typically increases during recessions or geopolitical stress. Industrial gold demand (<10% of total) has minimal GDP sensitivity. Revenue correlates more strongly with monetary policy expectations and real interest rates than GDP growth.
Gold prices exhibit strong inverse correlation to real interest rates (nominal rates minus inflation expectations). Rising nominal rates without corresponding inflation increases opportunity cost of holding non-yielding gold, pressuring prices. However, rate hikes driven by inflation concerns can be gold-positive. The company's 0.31 debt/equity ratio minimizes direct financing cost sensitivity, with modest floating-rate exposure on credit facilities. Valuation multiples compress modestly when risk-free rates rise, reducing relative attractiveness versus yielding alternatives.
Declining ore grades and reserve depletion across mature assets (Efemçukuru, Olympias) requiring continuous exploration success and reserve replacement to maintain production profile beyond 2030
Increasing regulatory and environmental compliance costs in European operations, particularly Greek permitting complexity and Turkish environmental standards affecting heap leach operations
Energy cost inflation in Turkey and Greece where electricity represents 15-20% of operating costs, with limited hedging programs in place
momentum and value - The 214% one-year return attracts momentum traders riding gold's bull market, while 5.5x P/S and 2.2x P/B ratios (modest for gold miners in $2,600/oz environment) appeal to value investors seeking leverage to gold prices. Limited dividend yield focuses investor base on capital appreciation rather than income. High beta to gold prices (estimated 1.3-1.5x) attracts tactical allocators and gold bulls.
Trend
-8.2% vs SMA 50 · -3.3% vs SMA 200
Momentum
Accumulation pattern present — more buying days than selling over the past 20 sessions. Volume conditions support gradual price improvement.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
ANALYST ESTIMATES
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2025 | $1.7B $1.6B–$1.9B | — | $1.62 | — | ±7% | High5 |
FY2026(current) | $3.0B $2.8B–$3.2B | ▲ +72.4% | $4.27 | ▲ +163.9% | ±25% | High6 |
FY2027 | $4.4B $4.1B–$4.8B | ▲ +45.8% | $6.10 | ▲ +42.9% | ±24% | High6 |
Dividend per payment — last 8 periods
INSTITUTIONAL OWNERSHIP
EGO News
About
headquartered in vancouver, canada, eldorado gold is a publicly traded gold company listed on the toronto (tsx: eld) and new york (nyse: ego) stock exchanges. the company has a market capitalization of approximately us$2.4 billion and revenues of approximately us$1 billion per year. eldorado’s operations are global and the company has mining, development and exploration assets in romania, greece, turkey, china and brazil. in 2014, eldorado produced just under 800,000 ounces of gold and had proven and probable gold reserves of approximately 26 million ounces. eldorado is the largest foreign gold producer in china and operates the largest gold mine in turkey: kisladag. eldorado is also one of the largest foreign investors in greece. the company’s 18 offices and operations employ over 7,200 people worldwide. eldorado operates as a decentralized business unit with the majority of employees and management being nationals of the country where offices are located. eldorado’s success to
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
EGO◀ | $31.66 | -7.91% | $6.4B | 10.9 | +3993.1% | 2788.9% | 1500 |
| $404.35 | -3.20% | $2.1T | 30.5 | +3296.8% | 4510.0% | 1500 | |
| $132.58 | -6.05% | $307.9B | 20.7 | -44.8% | 1012.0% | 1500 | |
| $88.38 | -2.58% | $303.7B | 13.6 | +318.8% | 1510.7% | 1500 | |
| $148.08 | -1.13% | $282.6B | 21.0 | +597.3% | 2564.4% | 1500 | |
| $181.58 | -1.83% | $281.6B | 26.9 | +862.9% | 1745.9% | 1500 | |
| $183.40 | -0.23% | $256.1B | 16.8 | +213.3% | 1482.4% | 1500 | |
| Sector avg | — | -3.28% | — | 20.1 | +1319.6% | 2230.6% | 1500 |