ELD.TO - Eldorado Gold Corporation

Toronto - Toronto Delayed Price. Currency in CAD
11.01
+0.23 (+2.13%)
At close: 4:00PM EDT
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Previous Close11.11
Open10.84
Bid11.00 x 0
Ask11.01 x 0
Day's Range10.83 - 11.10
52 Week Range0.73 - 13.34
Volume1,073,492
Avg. Volume1,629,253
Market Cap1.786B
Beta (3Y Monthly)2.74
PE Ratio (TTM)N/A
EPS (TTM)-2.28
Earnings DateOct 23, 2019 - Oct 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-03-03
1y Target Est9.17
  • Exclusive: Greece seeks new mining jobs, higher royalties in talks with Eldorado
    Reuters

    Exclusive: Greece seeks new mining jobs, higher royalties in talks with Eldorado

    Greece is in talks with Canada's Eldorado Gold to secure higher royalties from its mining development projects and new jobs, Energy Minister Kostis Hatzidakis said on Monday. Vancouver-based miner Eldorado has two operating mines and two development projects in northern Greece and its planned investment is viewed as one of the biggest in the country in years. Early this month, the government issued installation permits for Eldorado's Skouries project.

  • Be Careful With Kinross Gold Stock
    InvestorPlace

    Be Careful With Kinross Gold Stock

    It's been a nice run for Kinross Gold (NYSE:KGC) stock of late. Kinross Gold stock has gained 60% in a little over four months. And, it touched a three-year high earlier this month.Source: Shutterstock It's certainly possible the run could continue. Gold prices, too, have hit multi-year highs. Those higher prices can help near-term profits -- and the rally in yellow metal could continue amid worldwide recession fears.Kinross has several projects in development, which will boost production and revenue going forward. And valuation is reasonable, at roughly 7x 2019 earnings before interest, taxes, debt and amortization and 17x 2020 earnings per share estimates.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat said, there are risks. And one of the biggest is that we've been here before. The Case for Kinross Gold StockThe core reason why KGC stock has rallied of late is that higher gold prices have boosted the entire sector. In fact, other gold stocks have moved even higher. Eldorado Gold (NYSE:EGO) has been the biggest winner, more than tripling from late May to early September.But gold prices aside, there is a decent case for KGC stock. First-half results keep the company right on pace to meet 2019 guidance. Production should increase going forward, thanks to development efforts in Alaska, Russia and Nevada. * 10 Stocks to Sell in Market-Cursed September And the higher gold prices could lead a restart of operations in Chile. Kinross idled its mine in La Coipa in 2013, and is undertaking feasibility studies at its Lobo-Marte operation. With gold above $1,450 an ounce, both properties are almost certain to be profitable: The company estimated a 20% internal rate of return from La Coipa earlier this year.Those developments, along with ongoing operational improvements, should help Kinross lower its all-in sustaining costs. According to a recent investor presentation, Kinross' all-in sustaining costs are solid. But at nearly $1,000 an ounce, it's hardly spectacular on a peer basis.That figure can, and should, come down. And the increased gap between realized prices and all-in costs suggests higher profitability going forward -- and potentially an increased KGC stock price. The Gold Price RiskThat said, Kinross Gold stock has faded of late, dropping 9% in the last four sessions. The culprit is the same gold price that helped spark the recent rally.With gold just off a six-year high, the most obvious risk to KGC stock is that gold prices recede. The rally seems to have been driven by fears about rising geopolitical and economic risks.But the rally also has come in the face of two trends that are generally negative for gold: low inflation and a strong dollar. While the correlation of gold to inflation isn't as tight as conventional wisdom might suggest, that conventional wisdom alone often boosts prices.And so there's a risk that the big move in gold -- which has gained 16% in just four months -- could reverse. Should that happen, Kinross Gold stock is almost certain to fall. The Miner RiskBut there's another worry. This year, gold stocks like KGC stock have outperformed the big move in gold -- which is how miners should trade in theory.After all, miners are leveraged bets on gold prices. The roughly $200 move in gold over the past four months is a 16% increase. But it nearly doubles Kinross Gold's potential profitability.That leaves two obvious near-term risks. The first is that the converse is true: If gold does fall, KGC stock should fall even further, at least in theory.The second is that miners like Kinross Gold historically have done a terrible job of realizing that theoretical upside. Barrick Gold (NYSE:GOLD) has been one of the worst offenders, as I wrote last year. But it's far from the only one.Even KGC stock has badly underperformed gold over the past decade. Gold prices, as measured the SPDR Gold Trust (NYSEARCA:GLD), have risen 31%. Kinross Gold stock has declined 74%. That's worse than other miners, who haven't done well either. The VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is down 41%, and the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) 63%.Perhaps this time is different. Investors certainly believe so, as KGC has significantly outperformed gold over the past year. The big rally of late has allowed the stock to do so on a three- and five-year basis as well.But we've been here before. When gold spikes, gold mining stocks tend to rise sharply. The history of the sector over the past decade, however, is that miners eventually give back those gains, and then some. Kinross Gold stock, which hit a 14-year low in 2016, hasn't been immune. Is KGC Stock the Best Play?Finally, there's the question of whether Kinross Gold stock necessarily is the best play. Again, the case is intriguing, thanks to ongoing efficiency improvements and development opportunities.But for investors willing to bet on gold prices and gold miners, there are strong cases elsewhere, too. The merger of Randgold Resources and Barrick created a behemoth with massive scale, a better CEO, and industry-leading cash costs. Gold bulls also can look to juniors, who might be acquisition targets as industry optimism grows.Seabridge Gold (NYSE:SA), for instance, has limited geopolitical risk (its mines all are in North America) and a $869 million market cap that would be an easy, but still material, acquisition for gold majors. Streaming plays like Sandstorm Gold (NYSE:SAND) and Royal Gold (NASDAQ:RGLD) offer leverage to gold prices without execution risk.And, of course, investors can just buy gold, whether physically or through the GLD ETF. Given the industry's history -- which too often has shown a focus on rewarding executives, not shareholders -- investors looking for safety are better off going the direct route.Again, this time may be different for Kinross Gold. If gold prices hold up, and if Kinross executes, there's plenty of potential upside ahead for KGC stock. The problem, as history shows, is that those are both big "ifs."As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Be Careful With Kinross Gold Stock appeared first on InvestorPlace.

  • GlobeNewswire

    Eldorado Gold Provides Project Update

    Eldorado Gold Corporation (“Eldorado” or the “Company”) announces updates on Kisladag metallurgical testwork, its expansion plans at Lamaque and its Greek projects. Kisladag metallurgical testwork is advancing well with the majority of test results now expected to be completed prior to year-end 2019.  A suite of extended Intermittent Bottle Roll Tests (IBRT) have been completed to help predict heap leach recovery on the existing reserve.  IBRT tests are indicating that with the longer heap leach cycle of 250 days, gold recoveries are trending over 50%.  More than 100 two-metre columns are also underway, which is the standard test for heap leaching, to confirm the findings of the IBRTs. The preliminary results, utilizing the IBRT metallurgical testwork, are indicating a possible mine life extension beyond the current three year guidance.  In the event that testwork supports a mine life extension, waste stripping would be necessary.

  • Reuters

    Greece issues permits for Eldorado Gold's Skouries and Olympias mine

    Canadian miner Eldorado Gold Corp on Tuesday said it has received installation permits for its stalled Skouries mine project, and Olympias mines from the Greece's Ministry of Energy and Environment. The permit will allow for the installation of mechanical and electrical equipment in the Skouries mine, which has struggled with permit delays for years. Greece's new conservative government on Monday said it will soon issue permits for Eldorado Gold's development in northern Greece.

  • GlobeNewswire

    Eldorado Gold Receives Skouries and Olympias Installation Permits

    Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to confirm receipt of electromechanical installation permits for its Skouries project and an installation permit for its Olympias mine from the Greek Ministry of Energy and Environment (the “Ministry”). The permits allow for the installation of mechanical and electrical equipment at the flotation plant to be completed and installation of additional surface facilities.  Receipt of these permits will enable the Company to apply for the flotation plant building permit, which will be submitted this month.

  • Would Eldorado Gold (TSE:ELD) Might Be Better Off With Less Debt
    Simply Wall St.

    Would Eldorado Gold (TSE:ELD) Might Be Better Off With Less Debt

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

  • Thomson Reuters StreetEvents

    Edited Transcript of ELD.TO earnings conference call or presentation 2-Aug-19 3:30pm GMT

    Q2 2019 Eldorado Gold Corp Earnings Call

  • GlobeNewswire

    Eldorado Gold Announces Filing of Final Base Shelf Prospectus

    Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. The Company has also filed a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as amended, and the Multijurisdictional Disclosure System established between Canada and the United States.

  • Is $2,000 Gold On The Horizon?
    Oilprice.com

    Is $2,000 Gold On The Horizon?

    With global stock markets descending into chaos, one asset class continues its steady climb, and investors can’t get enough

  • Why Junior Miners Will Be The Biggest Winners In The Coming Gold Boom
    Oilprice.com

    Why Junior Miners Will Be The Biggest Winners In The Coming Gold Boom

    Gold prices are soaring amid the current market chaos, but smart investors aren’t looking at overbought majors, they are looking for heavily discounted gold in new frontiers

  • Barrons.com

    Gold’s Rally Will Help Smaller Mining Stocks Too, JPMorgan Says

    Large gold miners like Newmont Goldcorp aren’t the only ones that could benefit from the rising price of gold. JPMorgan says to look at the stocks of small mining companies as well.

  • 3 Takeaways From Eldorado Gold's Q2 Earnings
    Motley Fool

    3 Takeaways From Eldorado Gold's Q2 Earnings

    Was this gold miner able to regain some of the luster it lost in the first quarter?

  • GlobeNewswire

    Eldorado Gold Announces Filing of Preliminary Base Shelf Prospectus

    Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. The Company has also filed a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as amended, and the Multijurisdictional Disclosure System established between Canada and the United States.

  • Eldorado Gold Corp (EGO) Q2 2019 Earnings Call Transcript
    Motley Fool

    Eldorado Gold Corp (EGO) Q2 2019 Earnings Call Transcript

    EGO earnings call for the period ending June 30, 2019.

  • Hold Your Position in Eldorado Gold Corp
    GuruFocus.com

    Hold Your Position in Eldorado Gold Corp

    The Canadian miner stands to benefit from an up-trend in gold Continue reading...

  • GlobeNewswire

    Eldorado Gold Reports Q2 2019 Financial and Operational Results

    VANCOUVER, British Columbia, Aug. 01, 2019 -- Eldorado Gold Corporation (“Eldorado” or “the Company”) today reports the Company’s financial and operational results for the.

  • Benzinga

    Q2 Earnings Preview For Eldorado Gold

    On Thursday, August 1, Eldorado Gold (NYSE: EGO ) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Earnings and Revenue Based ...

  • GuruFocus.com

    First Eagle Comments on Eldorado Gold

    Guru stock highlight Continue reading...

  • GuruFocus.com

    First Eagle Gold Fund 2nd-Quarter Commentary

    Discussion of markets and holdings Continue reading...

  • 3 Things to Watch When Eldorado Gold Reports Q2 Earnings
    Motley Fool

    3 Things to Watch When Eldorado Gold Reports Q2 Earnings

    Shareholders recoiled at unexpectedly high costs in the first quarter. Did the company right the ship in Q2?

  • Reuters

    Greece seeks to kickstart stalled Eldorado gold mine investment

    Greece's recently-elected government wants a stalled gold mine investment by Canada's Eldorado to be revived, its energy minister said on Tuesday after meeting company executives. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with permit delays at one location, Skouries, for years. Its planned investment in Greece has been viewed as one of the biggest in the country in years.

  • Reuters

    REFILE-Greece seeks to kickstart stalled Eldorado gold mine investment

    Greece's recently-elected government wants a stalled gold mine investment by Canada's Eldorado to be revived, its energy minister said on Tuesday after meeting company executives. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with permit delays at one location, Skouries, for years. Its planned investment in Greece has been viewed as one of the biggest in the country in years.

  • Is Eldorado Gold a Buy?
    Motley Fool

    Is Eldorado Gold a Buy?

    We're looking for lustrous opportunities. How does this mid-tier gold producer stack up?